5E Advanced Materials, Inc. (NASDAQ:FEAM) Short Interest Up 49.8% in August

5E Advanced Materials, Inc. (NASDAQ:FEAMGet Free Report) was the recipient of a large growth in short interest in August. As of August 14th, there was short interest totaling 216,650 shares, a growth of 49.8% from the July 30th total of 144,621 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average daily trading volume, of 2,090,711 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On 5E Advanced Materials

Institutional investors and hedge funds have recently made changes to their positions in the business. Bluescape Energy Partners LLC boosted its stake in 5E Advanced Materials by 7.0% during the 4th quarter. Bluescape Energy Partners LLC now owns 8,130,997 shares of the company’s stock valued at $24,800,000 after purchasing an additional 533,648 shares during the last quarter. AWM Investment Company Inc. purchased a new stake in shares of 5E Advanced Materials in the second quarter worth approximately $4,346,000. Aristides Capital LLC bought a new position in shares of 5E Advanced Materials in the first quarter valued at approximately $765,000. Mercer Global Advisors Inc. ADV bought a new position in shares of 5E Advanced Materials in the fourth quarter valued at approximately $674,000. Finally, Renaissance Technologies LLC purchased a new position in shares of 5E Advanced Materials during the first quarter valued at approximately $268,000.

5E Advanced Materials Stock Down 5.3%

FEAM traded down $0.09 during trading on Tuesday, hitting $1.51. 137,049 shares of the company’s stock were exchanged, compared to its average volume of 385,028. 5E Advanced Materials has a fifty-two week low of $0.90 and a fifty-two week high of $7.50. The stock has a market cap of $62.89 million, a P/E ratio of -1.12 and a beta of 1.90. The business’s 50 day moving average is $1.41 and its two-hundred day moving average is $1.62.

Analysts Set New Price Targets

Several analysts have recently weighed in on FEAM shares. Wall Street Zen lowered shares of 5E Advanced Materials from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 8th. Weiss Ratings reissued a “sell (e+)” rating on shares of 5E Advanced Materials in a research note on Friday, July 17th. Finally, HC Wainwright restated a “buy” rating and issued a $3.50 price target (down from $5.50) on shares of 5E Advanced Materials in a report on Tuesday, August 4th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, 5E Advanced Materials has a consensus rating of “Hold” and a consensus price target of $5.25.

Get Our Latest Stock Report on 5E Advanced Materials

About 5E Advanced Materials

(Get Free Report)

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.

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