Short Interest in 5E Advanced Materials, Inc. (NASDAQ:FEAM) Drops By 77.8%

5E Advanced Materials, Inc. (NASDAQ:FEAM) was the target of a large drop in short interest in the month of February. As of February 13th, there was short interest totaling 266,635 shares, a drop of 77.8% from the January 29th total of 1,201,149 shares. Currently, 1.1% of the company’s shares are sold short. Based on an average trading volume of 659,004 shares, the short-interest ratio is currently 0.4 days. Based on an average trading volume of 659,004 shares, the short-interest ratio is currently 0.4 days. Currently, 1.1% of the company’s shares are sold short.

Insiders Place Their Bets

In other news, Director Bep Special Situations Iv Llc acquired 4,000,000 shares of 5E Advanced Materials stock in a transaction that occurred on Monday, February 2nd. The shares were acquired at an average price of $2.00 per share, with a total value of $8,000,000.00. Following the purchase, the director directly owned 12,130,997 shares of the company’s stock, valued at $24,261,994. The trade was a 49.19% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.21% of the stock is owned by insiders.

Institutional Investors Weigh In On 5E Advanced Materials

Hedge funds and other institutional investors have recently bought and sold shares of the company. Marex Group plc bought a new stake in 5E Advanced Materials in the 2nd quarter valued at approximately $665,000. Woodward Diversified Capital LLC acquired a new stake in shares of 5E Advanced Materials in the third quarter valued at approximately $49,000. Hohimer Wealth Management LLC bought a new stake in shares of 5E Advanced Materials in the third quarter worth $785,000. Summit Financial Strategies Inc. acquired a new position in 5E Advanced Materials during the fourth quarter worth $37,000. Finally, Geode Capital Management LLC boosted its holdings in 5E Advanced Materials by 112.9% during the fourth quarter. Geode Capital Management LLC now owns 77,780 shares of the company’s stock worth $237,000 after purchasing an additional 41,238 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on FEAM. Wall Street Zen lowered shares of 5E Advanced Materials from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Weiss Ratings reiterated a “sell (e+)” rating on shares of 5E Advanced Materials in a report on Wednesday, January 21st. Finally, HC Wainwright reissued a “buy” rating and issued a $9.25 target price on shares of 5E Advanced Materials in a research note on Friday, November 21st. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $8.13.

5E Advanced Materials Stock Up 9.0%

Shares of NASDAQ:FEAM opened at $2.05 on Thursday. The firm has a market cap of $48.20 million, a price-to-earnings ratio of -0.29 and a beta of 1.62. 5E Advanced Materials has a 12 month low of $1.66 and a 12 month high of $7.50. The company’s fifty day simple moving average is $2.92 and its 200 day simple moving average is $3.82.

5E Advanced Materials (NASDAQ:FEAM) last announced its earnings results on Tuesday, February 17th. The company reported ($0.48) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.07. Research analysts expect that 5E Advanced Materials will post -9.22 earnings per share for the current fiscal year.

About 5E Advanced Materials

5E Advanced Materials, Inc develops and manufactures high-performance anode materials for lithium-ion batteries, specializing in silicon-carbon composite solutions. The company’s proprietary processes yield anode materials that deliver enhanced energy density, extended cycle life and faster charge rates compared to conventional graphite anodes. These advanced materials are targeted at electric vehicle manufacturers, consumer electronics producers and grid-scale energy storage providers seeking to improve battery performance and sustainability.

The firm operates a pilot production facility in Harrodsburg, Kentucky, where it carries out research, development and small-scale manufacturing to validate its processes and assess commercial viability.