Sibanye Stillwater Limited (NYSE:SBSW) Short Interest Update

Sibanye Stillwater Limited (NYSE:SBSW) saw a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 16,910,000 shares, a decline of 18.8% from the August 15th total of 20,820,000 shares. Based on an average daily volume of 5,290,000 shares, the short-interest ratio is presently 3.2 days. Approximately 2.4% of the company’s shares are sold short.

Analyst Ratings Changes

SBSW has been the topic of several recent analyst reports. BMO Capital Markets cut their price target on shares of Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating on the stock in a report on Friday. JPMorgan Chase & Co. reduced their price target on shares of Sibanye Stillwater from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 3rd. Three equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $5.17.

Sibanye Stillwater Trading Up 1.0 %

Shares of SBSW stock traded up $0.04 during mid-day trading on Tuesday, hitting $4.24. The company’s stock had a trading volume of 5,262,964 shares, compared to its average volume of 5,995,326. The company has a quick ratio of 0.97, a current ratio of 1.70 and a debt-to-equity ratio of 0.49. Sibanye Stillwater has a 52-week low of $3.08 and a 52-week high of $6.99. The business has a 50-day moving average price of $4.20 and a 200 day moving average price of $4.60.

Institutional Investors Weigh In On Sibanye Stillwater

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Personalized Indexing Management LLC lifted its position in Sibanye Stillwater by 15.2% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 47,304 shares of the company’s stock valued at $257,000 after purchasing an additional 6,243 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Sibanye Stillwater by 36.9% in the fourth quarter. Quadrant Capital Group LLC now owns 16,701 shares of the company’s stock worth $91,000 after buying an additional 4,500 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its holdings in shares of Sibanye Stillwater by 545.5% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 143,193 shares of the company’s stock worth $778,000 after acquiring an additional 121,009 shares in the last quarter. Trexquant Investment LP lifted its position in Sibanye Stillwater by 12.0% during the fourth quarter. Trexquant Investment LP now owns 565,924 shares of the company’s stock valued at $3,073,000 after purchasing an additional 60,555 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Sibanye Stillwater by 832.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 10,956 shares of the company’s stock worth $59,000 after buying an additional 9,781 shares in the last quarter. 34.93% of the stock is currently owned by hedge funds and other institutional investors.

About Sibanye Stillwater

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.