5E Advanced Materials, Inc. (NASDAQ:FEAM) Sees Significant Growth in Short Interest

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

Hedge Funds Weigh In On 5E Advanced Materials

Several institutional investors and hedge funds have recently bought and sold shares of FEAM. State Street Corp purchased a new stake in 5E Advanced Materials in the fourth quarter worth $37,000. Goldman Sachs Group Inc. purchased a new stake in 5E Advanced Materials during the fourth quarter valued at about $69,000. LeClair Wealth Partners LLC boosted its position in 5E Advanced Materials by 20.0% during the fourth quarter. LeClair Wealth Partners LLC now owns 30,000 shares of the company’s stock worth $92,000 after purchasing an additional 4,990 shares during the period. Jane Street Group LLC bought a new position in 5E Advanced Materials during the fourth quarter worth about $111,000. Finally, XTX Topco Ltd purchased a new position in shares of 5E Advanced Materials in the fourth quarter worth about $124,000.

5E Advanced Materials Trading Down 5.3%

Shares of FEAM stock traded down $0.09 during trading hours on Tuesday, hitting $1.51. 137,049 shares of the company were exchanged, compared to its average volume of 385,028. The firm has a fifty day simple moving average of $1.41 and a 200 day simple moving average of $1.62. 5E Advanced Materials has a 52-week low of $0.90 and a 52-week high of $7.50. The stock has a market capitalization of $62.89 million, a price-to-earnings ratio of -1.12 and a beta of 1.90.

Wall Street Analysts Forecast Growth

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

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.