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

Sibanye Stillwater Limited (NYSE:SBSW) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 17,600,000 shares, a growth of 40.6% from the February 13th total of 12,520,000 shares. Currently, 2.5% of the shares of the company are sold short. Based on an average trading volume of 7,020,000 shares, the days-to-cover ratio is presently 2.5 days.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada reduced their price target on shares of Sibanye Stillwater from $6.00 to $4.25 and set a “sector perform” rating for the company in a report on Thursday, February 13th. Six analysts have rated the stock with a hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $4.79.

Hedge Funds Weigh In On Sibanye Stillwater

A number of hedge funds and other institutional investors have recently made changes to their positions in SBSW. Goehring & Rozencwajg Associates LLC acquired a new stake in Sibanye Stillwater in the 4th quarter valued at $9,446,000. Raymond James Financial Inc. bought a new position in shares of Sibanye Stillwater during the fourth quarter valued at $5,814,000. D. E. Shaw & Co. Inc. boosted its stake in shares of Sibanye Stillwater by 28.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 6,541,857 shares of the company’s stock valued at $21,588,000 after purchasing an additional 1,439,882 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Sibanye Stillwater by 1,673.5% in the 4th quarter. Northern Trust Corp now owns 1,014,294 shares of the company’s stock worth $3,347,000 after purchasing an additional 957,103 shares during the last quarter. Finally, Trek Financial LLC acquired a new stake in shares of Sibanye Stillwater during the 4th quarter worth about $2,803,000. 34.93% of the stock is owned by institutional investors.

Sibanye Stillwater Stock Performance

Shares of SBSW traded up $0.17 on Monday, reaching $4.10. 7,464,914 shares of the stock traded hands, compared to its average volume of 6,466,251. The stock’s 50-day moving average price is $3.67 and its 200-day moving average price is $3.95. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.09 and a quick ratio of 1.04. The firm has a market cap of $2.90 billion, a price-to-earnings ratio of 7.88 and a beta of 1.59. Sibanye Stillwater has a 12 month low of $3.05 and a 12 month high of $5.93.

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.