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

5E Advanced Materials, Inc. (NASDAQ:FEAM) was the recipient of a large drop in short interest in March. As of March 31st, there was short interest totalling 3,710,000 shares, a drop of 8.2% from the March 15th total of 4,040,000 shares. Based on an average daily trading volume, of 192,000 shares, the days-to-cover ratio is presently 19.3 days. Approximately 8.5% of the shares of the stock are sold short.

5E Advanced Materials Price Performance

FEAM stock traded down $0.06 during trading on Tuesday, hitting $1.15. The stock had a trading volume of 156,678 shares, compared to its average volume of 194,171. 5E Advanced Materials has a twelve month low of $1.03 and a twelve month high of $5.50. The company’s 50-day moving average price is $1.36 and its two-hundred day moving average price is $1.70. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.39 and a quick ratio of 0.39. The stock has a market capitalization of $50.88 million, a P/E ratio of -1.26 and a beta of 1.95.

5E Advanced Materials (NASDAQ:FEAM) last issued its quarterly earnings results on Wednesday, February 14th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.08). As a group, research analysts predict that 5E Advanced Materials will post -0.45 EPS for the current fiscal year.

Institutional Investors Weigh In On 5E Advanced Materials

A number of large investors have recently modified their holdings of FEAM. MetLife Investment Management LLC lifted its stake in shares of 5E Advanced Materials by 7.2% in the fourth quarter. MetLife Investment Management LLC now owns 19,236 shares of the company’s stock worth $152,000 after buying an additional 1,284 shares in the last quarter. Royal Bank of Canada purchased a new position in 5E Advanced Materials in the 1st quarter worth approximately $38,000. American International Group Inc. boosted its holdings in shares of 5E Advanced Materials by 16.1% during the 4th quarter. American International Group Inc. now owns 18,183 shares of the company’s stock worth $143,000 after purchasing an additional 2,518 shares during the last quarter. Legal & General Group Plc acquired a new position in shares of 5E Advanced Materials during the 2nd quarter worth approximately $42,000. Finally, Tower Research Capital LLC TRC grew its position in shares of 5E Advanced Materials by 353.3% in the first quarter. Tower Research Capital LLC TRC now owns 4,642 shares of the company’s stock valued at $25,000 after purchasing an additional 3,618 shares in the last quarter.

5E Advanced Materials Company Profile

5E Advanced Materials Inc engages in the exploration and development of mineral properties in Australia and the United States. The company primarily explores for borates and lithium deposits. It holds 100% interest in the Fort Cady project located in Southern California. The company was formerly known as American Pacific Borates Limited.