Sibanye Stillwater Limited (NYSE:SBSW) Sees Significant Growth in Short Interest

Sibanye Stillwater Limited (NYSE:SBSW) saw a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 15,670,000 shares, a growth of 27.2% from the November 15th total of 12,320,000 shares. Approximately 2.2% of the shares of the company are sold short. Based on an average daily volume of 6,740,000 shares, the days-to-cover ratio is currently 2.3 days.

Wall Street Analyst Weigh In

A number of research analysts have commented on SBSW shares. Investec lowered Sibanye Stillwater from a “buy” rating to a “hold” rating in a report on Friday, October 18th. BMO Capital Markets decreased 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 research note on Friday, September 13th. HSBC cut shares of Sibanye Stillwater from a “buy” rating to a “hold” rating and set a $4.40 price objective for the company. in a research note on Monday, November 4th. Finally, Hsbc Global Res lowered shares of Sibanye Stillwater from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $4.98.

Sibanye Stillwater Price Performance

Shares of SBSW traded down $0.13 during trading hours on Friday, hitting $4.01. 5,970,188 shares of the company were exchanged, compared to its average volume of 6,059,338. The firm’s fifty day moving average is $4.32 and its 200 day moving average is $4.34. Sibanye Stillwater has a fifty-two week low of $3.08 and a fifty-two week high of $5.93. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.04 and a current ratio of 2.09.

Institutional Investors Weigh In On Sibanye Stillwater

A number of large investors have recently bought and sold shares of the company. Creative Financial Designs Inc. ADV lifted its holdings in shares of Sibanye Stillwater by 40.7% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 7,600 shares of the company’s stock worth $31,000 after acquiring an additional 2,200 shares during the period. Signaturefd LLC raised its position in Sibanye Stillwater by 24.9% during the third quarter. Signaturefd LLC now owns 11,236 shares of the company’s stock valued at $46,000 after purchasing an additional 2,241 shares in the last quarter. Fermata Advisors LLC lifted its stake in Sibanye Stillwater by 13.2% during the third quarter. Fermata Advisors LLC now owns 22,968 shares of the company’s stock worth $94,000 after purchasing an additional 2,674 shares during the last quarter. HighTower Advisors LLC lifted its stake in Sibanye Stillwater by 6.7% during the third quarter. HighTower Advisors LLC now owns 48,632 shares of the company’s stock worth $199,000 after purchasing an additional 3,045 shares during the last quarter. Finally, XTX Topco Ltd boosted its holdings in shares of Sibanye Stillwater by 5.6% in the 3rd quarter. XTX Topco Ltd now owns 101,656 shares of the company’s stock valued at $418,000 after purchasing an additional 5,428 shares in the last quarter. 34.93% of the stock is currently owned by institutional investors and hedge funds.

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.