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

5E Advanced Materials, Inc. (NASDAQ:FEAM) was the recipient of a large increase in short interest in the month of 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. Approximately 2.0% of the shares of the stock are sold short. Based on an average trading volume of 247,392 shares, the days-to-cover ratio is presently 1.9 days.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FEAM. HC Wainwright set a $5.50 price objective on shares of 5E Advanced Materials and gave the stock a “buy” rating in a research note on Wednesday. Wall Street Zen downgraded shares of 5E Advanced Materials from a “sell” rating to a “strong sell” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings reiterated 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 assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $6.25.

Institutional Trading of 5E Advanced Materials

Institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC bought a new position in 5E Advanced Materials during the 1st quarter worth $268,000. Aristides Capital LLC acquired a new stake in shares of 5E Advanced Materials in the first quarter valued at about $765,000. Mercer Global Advisors Inc. ADV bought a new position in shares of 5E Advanced Materials during the fourth quarter worth about $674,000. XTX Topco Ltd bought a new position in shares of 5E Advanced Materials during the fourth quarter worth about $124,000. Finally, &PARTNERS acquired a new position in shares of 5E Advanced Materials in the fourth quarter worth approximately $191,000.

5E Advanced Materials Trading Down 2.1%

NASDAQ:FEAM traded down $0.04 on Monday, hitting $1.89. The company had a trading volume of 168,222 shares, compared to its average volume of 312,352. The firm has a 50 day moving average of $1.64 and a two-hundred day moving average of $2.75. The stock has a market capitalization of $44.43 million, a price-to-earnings ratio of -0.71 and a beta of 1.84. 5E Advanced Materials has a 52 week low of $1.17 and a 52 week high of $7.50.

5E Advanced Materials (NASDAQ:FEAM) last issued its earnings results 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. As a group, equities analysts forecast that 5E Advanced Materials will post -1.59 EPS for the current year.

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.