Sibanye Stillwater Limited (NYSE:SBSW) Short Interest Update

Sibanye Stillwater Limited (NYSE:SBSW) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 17,600,000 shares, a growth of 40.6% from the February 13th total of 12,520,000 shares. Approximately 2.5% of the shares of the stock are short sold. Based on an average trading volume of 7,020,000 shares, the short-interest ratio is currently 2.5 days.

Sibanye Stillwater Stock Up 4.2 %

Shares of Sibanye Stillwater stock opened at $4.10 on Tuesday. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 7.88 and a beta of 1.59. The company’s 50 day moving average price is $3.69 and its 200-day moving average price is $3.95. Sibanye Stillwater has a 52-week low of $3.05 and a 52-week high of $5.93. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 2.09.

Institutional Trading of Sibanye Stillwater

Several large investors have recently added to or reduced their stakes in the stock. Comprehensive Money Management Services LLC bought a new stake in Sibanye Stillwater in the fourth quarter valued at $126,000. Total Wealth Planning & Management Inc. bought a new stake in Sibanye Stillwater in the fourth quarter valued at $67,000. Vident Advisory LLC boosted its holdings in Sibanye Stillwater by 24.1% in the fourth quarter. Vident Advisory LLC now owns 217,422 shares of the company’s stock valued at $717,000 after acquiring an additional 42,219 shares in the last quarter. Two Sigma Advisers LP boosted its holdings in Sibanye Stillwater by 13.4% in the fourth quarter. Two Sigma Advisers LP now owns 3,375,200 shares of the company’s stock valued at $11,138,000 after acquiring an additional 400,100 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new stake in Sibanye Stillwater in the fourth quarter valued at $280,000. Institutional investors own 34.93% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada reduced their price target on shares of Sibanye Stillwater from $6.00 to $4.25 and set a “sector perform” rating on the stock in a research report on Thursday, February 13th. Six research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $4.79.

About Sibanye Stillwater

Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Europe, and Australia. The company produces gold; platinum group metals (PGMs), including palladium, platinum, rhodium, iridium, and ruthenium; chrome; nickel; and silver, cobalt, and copper.