5N Plus Inc. (OTCMKTS:FPLSF) Sees Significant Increase in Short Interest

5N Plus Inc. (OTCMKTS:FPLSF) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 589,855 shares, an increase of 63.2% from the June 30th total of 361,368 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average trading volume of 79,479 shares, the short-interest ratio is currently 7.4 days.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on FPLSF shares. Zacks Research raised 5N Plus to a “hold” rating in a research report on Thursday. Royal Bank Of Canada initiated coverage on 5N Plus in a research report on Tuesday, July 21st. They issued a “moderate buy” rating for the company. Finally, Scotiabank initiated coverage on shares of 5N Plus in a research report on Monday, June 22nd. They set an “outperform” rating for the company. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

5N Plus Stock Performance

Shares of FPLSF opened at $23.34 on Friday. 5N Plus has a 12 month low of $8.75 and a 12 month high of $44.91. The firm has a fifty day simple moving average of $27.98 and a 200 day simple moving average of $24.15. The stock has a market capitalization of $2.10 billion, a price-to-earnings ratio of 35.91 and a beta of 1.85. The company has a current ratio of 2.69, a quick ratio of 1.30 and a debt-to-equity ratio of 0.55.

5N Plus (OTCMKTS:FPLSF) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. 5N Plus had a net margin of 13.99% and a return on equity of 28.72%. The firm had revenue of $117.89 million for the quarter, compared to analyst estimates of $104.04 million. Research analysts forecast that 5N Plus will post 0.64 EPS for the current fiscal year.

About 5N Plus

5N Plus Inc is a Canadian specialty chemicals and materials company that develops, manufactures and commercializes high‐purity metals and compounds for advanced technology markets. The company’s product portfolio spans a range of elemental metals—including bismuth, antimony, tellurium, selenium, indium and germanium—along with organometallic precursors, catalysts and radioisotopes. These materials are engineered to meet stringent purity standards (commonly known as “five‐nines” or 99.999% purity) for critical applications in electronics, photovoltaics, catalysts and life sciences.

Founded in 2000 and headquartered in Boucherville, Quebec, 5N Plus has grown from its roots in high‐purity research to a global manufacturing and distribution platform.