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

5E Advanced Materials, Inc. (NASDAQ:FEAM) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 3,710,000 shares, a decrease 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 short-interest ratio is currently 19.3 days. Currently, 8.5% of the company’s shares are sold short.

5E Advanced Materials Trading Down 5.0 %

5E Advanced Materials stock traded down $0.06 during trading hours on Tuesday, reaching $1.15. 156,678 shares of the company’s stock were exchanged, compared to its average volume of 194,171. The firm has a market capitalization of $50.88 million, a PE ratio of -1.26 and a beta of 1.95. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 1.21. The firm’s 50 day simple moving average is $1.36 and its 200 day simple moving average is $1.70. 5E Advanced Materials has a twelve month low of $1.03 and a twelve month high of $5.50.

5E Advanced Materials (NASDAQ:FEAM) last posted its quarterly earnings results on Wednesday, February 14th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.08). Research analysts predict that 5E Advanced Materials will post -0.45 earnings per share for the current year.

Institutional Trading of 5E Advanced Materials

Institutional investors have recently made changes to their positions in the company. MetLife Investment Management LLC raised its position in 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 acquiring an additional 1,284 shares during the period. Royal Bank of Canada bought a new stake in shares of 5E Advanced Materials during the 1st quarter valued at $38,000. American International Group Inc. lifted its holdings in 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 in the last quarter. Legal & General Group Plc bought a new stake in shares of 5E Advanced Materials during the second quarter valued at about $42,000. Finally, Tower Research Capital LLC TRC boosted 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 acquiring an additional 3,618 shares during the period.

About 5E Advanced Materials

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.