5E Advanced Materials, Inc. (NASDAQ:FEAM) Short Interest Up 90.5% in April

5E Advanced Materials, Inc. (NASDAQ:FEAM) saw a large increase in short interest in April. As of April 30th, there was short interest totaling 473,706 shares, an increase of 90.5% from the April 15th total of 248,650 shares. Based on an average daily trading volume, of 247,392 shares, the days-to-cover ratio is presently 1.9 days. Currently, 2.0% of the company’s stock are short sold.

Analysts Set New Price Targets

FEAM has been the topic of several research analyst reports. HC Wainwright set a $5.50 price target on shares of 5E Advanced Materials and gave the company a “buy” rating in a report on Wednesday, May 13th. Wall Street Zen lowered 5E Advanced Materials from a “sell” rating to a “strong sell” rating in a report on Saturday, May 2nd. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of 5E Advanced Materials in a research note on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $6.25.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FEAM. Bluescape Energy Partners LLC raised its stake in shares of 5E Advanced Materials by 7.0% in the 4th quarter. Bluescape Energy Partners LLC now owns 8,130,997 shares of the company’s stock valued at $24,800,000 after acquiring an additional 533,648 shares in the last quarter. Aristides Capital LLC bought a new stake in 5E Advanced Materials during the first quarter worth approximately $765,000. Hohimer Wealth Management LLC acquired a new position in 5E Advanced Materials during the third quarter valued at approximately $785,000. Mercer Global Advisors Inc. ADV acquired a new position in 5E Advanced Materials during the fourth quarter valued at approximately $674,000. Finally, Renaissance Technologies LLC bought a new position in shares of 5E Advanced Materials in the first quarter valued at approximately $268,000.

5E Advanced Materials Trading Up 1.6%

5E Advanced Materials stock opened at $1.91 on Tuesday. 5E Advanced Materials has a 1-year low of $1.17 and a 1-year high of $7.50. The firm’s fifty day simple moving average is $1.64 and its 200-day simple moving average is $2.73. The company has a market capitalization of $44.91 million, a P/E ratio of -0.72 and a beta of 1.84.

5E Advanced Materials (NASDAQ:FEAM) last issued its quarterly earnings data on Tuesday, May 12th. The company reported ($0.35) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.36) by $0.01. On average, equities research analysts predict that 5E Advanced Materials will post -1.59 earnings per share for the current year.

5E Advanced Materials Company Profile

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.