Short Interest in 5E Advanced Materials, Inc. (NASDAQ:FEAM) Increases By 133.4%

5E Advanced Materials, Inc. (NASDAQ:FEAM) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totaling 338,131 shares, an increase of 133.4% from the December 15th total of 144,868 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average trading volume of 112,848 shares, the short-interest ratio is presently 3.0 days. Based on an average trading volume of 112,848 shares, the short-interest ratio is presently 3.0 days. Currently, 1.5% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Several research analysts recently commented on FEAM shares. Maxim Group set a $7.00 target price on 5E Advanced Materials and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Weiss Ratings reissued a “sell (e+)” rating on shares of 5E Advanced Materials in a research report on Wednesday, October 8th. Wall Street Zen raised shares of 5E Advanced Materials from a “sell” rating to a “hold” rating in a report on Saturday, November 15th. Zacks Research upgraded shares of 5E Advanced Materials to a “hold” rating in a report on Friday, October 10th. Finally, HC Wainwright reissued a “buy” rating and issued a $9.25 price objective on shares of 5E Advanced Materials in a research report on Friday, November 21st. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $8.13.

5E Advanced Materials Trading Up 4.8%

Shares of NASDAQ FEAM traded up $0.18 during mid-day trading on Friday, reaching $3.86. The company had a trading volume of 13,691 shares, compared to its average volume of 67,061. 5E Advanced Materials has a 52-week low of $2.82 and a 52-week high of $12.65. The stock has a market cap of $86.51 million, a P/E ratio of -0.55 and a beta of 1.63. The firm has a 50 day simple moving average of $3.78 and a two-hundred day simple moving average of $4.05.

5E Advanced Materials (NASDAQ:FEAM) last issued its quarterly earnings data on Thursday, November 13th. The company reported ($0.51) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.58) by $0.07. On average, equities analysts expect that 5E Advanced Materials will post -9.22 EPS for the current year.

Institutional Investors Weigh In On 5E Advanced Materials

Several large investors have recently modified their holdings of the company. Woodward Diversified Capital LLC purchased a new stake in 5E Advanced Materials in the 3rd quarter valued at $49,000. Marex Group plc acquired a new stake in 5E Advanced Materials during the 2nd quarter worth approximately $665,000. Finally, Hohimer Wealth Management LLC purchased a new position in 5E Advanced Materials in the 3rd quarter valued at $785,000.

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.