American Battery Technology (NASDAQ:ABAT) Short Interest Update

American Battery Technology (NASDAQ:ABAT) was the recipient of a significant decrease in short interest in January. As of January 31st, there was short interest totalling 5,860,000 shares, a decrease of 12.7% from the January 15th total of 6,710,000 shares. Based on an average daily volume of 5,180,000 shares, the short-interest ratio is presently 1.1 days. Currently, 7.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On American Battery Technology

Several institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in American Battery Technology by 25.0% during the 4th quarter. Geode Capital Management LLC now owns 806,152 shares of the company’s stock valued at $1,984,000 after purchasing an additional 161,089 shares during the last quarter. State Street Corp increased its holdings in shares of American Battery Technology by 26.9% during the third quarter. State Street Corp now owns 204,200 shares of the company’s stock worth $218,000 after buying an additional 43,300 shares in the last quarter. Northern Trust Corp raised its stake in shares of American Battery Technology by 49.3% in the fourth quarter. Northern Trust Corp now owns 131,742 shares of the company’s stock valued at $324,000 after acquiring an additional 43,478 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of American Battery Technology by 5.9% in the 3rd quarter. Tidal Investments LLC now owns 77,475 shares of the company’s stock worth $83,000 after acquiring an additional 4,284 shares in the last quarter. Finally, Dopkins Wealth Management LLC grew its position in American Battery Technology by 76.5% during the 3rd quarter. Dopkins Wealth Management LLC now owns 50,000 shares of the company’s stock worth $54,000 after acquiring an additional 21,664 shares during the last quarter. Institutional investors and hedge funds own 9.88% of the company’s stock.

American Battery Technology Stock Up 6.2 %

Shares of ABAT opened at $1.38 on Friday. The company has a 50-day moving average price of $1.70 and a two-hundred day moving average price of $1.24. The stock has a market cap of $112.46 million, a price-to-earnings ratio of -1.41 and a beta of -2.89. American Battery Technology has a 12 month low of $0.73 and a 12 month high of $4.11.

American Battery Technology (NASDAQ:ABAT) last posted its earnings results on Friday, February 14th. The company reported ($0.18) EPS for the quarter. The company had revenue of $330 billion during the quarter.

About American Battery Technology

American Battery Technology Company operates as a battery materials company. The company explores for resources of battery metals, such as such as lithium, nickel, cobalt, and manganese; and develops and commercializes technologies for the extraction of battery metals, as well as commercializes integrated process for the recycling of lithium-ion batteries.