Short Interest in 5E Advanced Materials, Inc. (NASDAQ:FEAM) Decreases By 25.1%

5E Advanced Materials, Inc. (NASDAQ:FEAM) was the target of a significant decline in short interest in March. As of March 13th, there was short interest totaling 170,528 shares, a decline of 25.1% from the February 26th total of 227,715 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily volume of 216,959 shares, the days-to-cover ratio is currently 0.8 days.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. HC Wainwright dropped their target price on shares of 5E Advanced Materials from $9.25 to $5.75 and set a “buy” rating on the stock in a research report on Monday, March 9th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of 5E Advanced Materials in a research note on Wednesday, January 21st. Finally, Wall Street Zen lowered shares of 5E Advanced Materials from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $6.38.

5E Advanced Materials Stock Performance

5E Advanced Materials stock traded down $0.09 during mid-day trading on Monday, reaching $1.22. The stock had a trading volume of 241,521 shares, compared to its average volume of 345,966. The firm has a market capitalization of $28.68 million, a PE ratio of -0.46 and a beta of 1.60. 5E Advanced Materials has a fifty-two week low of $1.17 and a fifty-two week high of $7.50. The stock’s 50-day simple moving average is $2.16 and its 200-day simple moving average is $3.48.

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

Insider Transactions at 5E Advanced Materials

In other 5E Advanced Materials news, Director Bep Special Situations Iv Llc purchased 4,000,000 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were purchased at an average cost of $2.00 per share, for a total transaction of $8,000,000.00. Following the acquisition, the director owned 12,130,997 shares of the company’s stock, valued at approximately $24,261,994. This represents a 49.19% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. LeClair Wealth Partners LLC raised its holdings in shares of 5E Advanced Materials by 20.0% in the 4th quarter. LeClair Wealth Partners LLC now owns 30,000 shares of the company’s stock worth $92,000 after acquiring an additional 4,990 shares during the last quarter. State Street Corp bought a new stake in 5E Advanced Materials during the 4th quarter worth approximately $37,000. Summit Financial Strategies Inc. bought a new stake in 5E Advanced Materials during the 4th quarter worth approximately $37,000. Woodward Diversified Capital LLC purchased a new stake in shares of 5E Advanced Materials in the third quarter worth approximately $49,000. Finally, Goldman Sachs Group Inc. purchased a new stake in shares of 5E Advanced Materials in the fourth quarter worth approximately $69,000.

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.