Sibanye Stillwater Limited (NYSE:SBSW) Sees Large Drop in Short Interest

Sibanye Stillwater Limited (NYSE:SBSW) was the target of a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 12,320,000 shares, a decrease of 24.7% from the October 31st total of 16,370,000 shares. Currently, 1.7% of the shares of the company are sold short. Based on an average daily trading volume, of 6,920,000 shares, the short-interest ratio is currently 1.8 days.

Hedge Funds Weigh In On Sibanye Stillwater

Hedge funds and other institutional investors have recently made changes to their positions in the company. Virtu Financial LLC bought a new position in Sibanye Stillwater in the first quarter valued at approximately $84,000. Aprio Wealth Management LLC bought a new stake in shares of Sibanye Stillwater during the 2nd quarter valued at approximately $65,000. Fermata Advisors LLC boosted its position in Sibanye Stillwater by 82.5% in the second quarter. Fermata Advisors LLC now owns 20,294 shares of the company’s stock valued at $88,000 after buying an additional 9,171 shares in the last quarter. PCG Wealth Advisors LLC bought a new stake in shares of Sibanye Stillwater during the second quarter worth $101,000. Finally, Diversified Trust Co acquired a new position in shares of Sibanye Stillwater during the second quarter worth $86,000. 34.93% of the stock is currently owned by institutional investors and hedge funds.

Sibanye Stillwater Trading Down 0.5 %

Shares of NYSE SBSW opened at $4.02 on Friday. Sibanye Stillwater has a 52 week low of $3.08 and a 52 week high of $5.93. The stock’s fifty day moving average is $4.39 and its 200 day moving average is $4.45. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 2.09.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on SBSW shares. HSBC lowered Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 target price on the stock. in a research note on Monday, November 4th. BMO Capital Markets lowered their price objective on Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating on the stock in a research report on Friday, September 13th. Hsbc Global Res downgraded Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a report on Monday, November 4th. Finally, Investec downgraded shares of Sibanye Stillwater from a “buy” rating to a “hold” rating in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $4.98.

Sibanye Stillwater Company Profile

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.