Sibanye Stillwater Limited (NYSE:SBSW) Short Interest Update

Sibanye Stillwater Limited (NYSE:SBSW) saw a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 13,590,000 shares, a decline of 29.1% from the January 15th total of 19,180,000 shares. Approximately 1.9% of the shares of the company are short sold. Based on an average trading volume of 5,980,000 shares, the days-to-cover ratio is currently 2.3 days.

Sibanye Stillwater Stock Down 3.4 %

NYSE SBSW traded down $0.14 on Friday, hitting $3.83. The company had a trading volume of 8,969,187 shares, compared to its average volume of 6,479,563. 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 company’s fifty day moving average price is $3.69 and its 200-day moving average price is $4.04. Sibanye Stillwater has a 12-month low of $3.08 and a 12-month high of $5.93.

Institutional Trading of Sibanye Stillwater

Several institutional investors have recently modified their holdings of SBSW. Itau Unibanco Holding S.A. purchased a new position in Sibanye Stillwater in the 4th quarter valued at about $25,000. Creative Financial Designs Inc. ADV raised its holdings in shares of Sibanye Stillwater by 40.7% during the third quarter. Creative Financial Designs Inc. ADV now owns 7,600 shares of the company’s stock valued at $31,000 after acquiring an additional 2,200 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Sibanye Stillwater by 1,931.5% in the third quarter. Blue Trust Inc. now owns 9,345 shares of the company’s stock valued at $41,000 after acquiring an additional 8,885 shares in the last quarter. Blankinship & Foster LLC purchased a new stake in shares of Sibanye Stillwater during the third quarter worth approximately $41,000. Finally, Signaturefd LLC raised its stake in Sibanye Stillwater by 24.9% in the 3rd quarter. Signaturefd LLC now owns 11,236 shares of the company’s stock valued at $46,000 after purchasing an additional 2,241 shares during the last quarter. Institutional investors and hedge funds own 34.93% of the company’s stock.

Wall Street Analyst Weigh In

SBSW has been the subject of several recent research reports. Royal Bank of Canada cut their target price 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. 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 report 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 note on Monday, November 4th. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $4.79.

Sibanye Stillwater Company Profile

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.