American Battery Technology (NASDAQ:ABAT) Sees Large Increase in Short Interest

American Battery Technology (NASDAQ:ABAT - Get Free Report) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 7,080,000 shares, a growth of 32.8% from the December 15th total of 5,330,000 shares. Based on an average trading volume of 4,340,000 shares, the days-to-cover ratio is presently 1.6 days. Approximately 8.6% of the company's shares are sold short.

Institutional Investors Weigh In On American Battery Technology

A number of institutional investors have recently bought and sold shares of ABAT. Tidal Investments LLC increased 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 valued at $83,000 after purchasing an additional 4,284 shares during the period. Geode Capital Management LLC increased its stake in American Battery Technology by 6.6% in the 3rd quarter. Geode Capital Management LLC now owns 645,063 shares of the company's stock valued at $690,000 after buying an additional 40,169 shares during the period. State Street Corp lifted its position in American Battery Technology by 26.9% in the 3rd 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. Finally, Dopkins Wealth Management LLC lifted its position in American Battery Technology by 76.5% in the 3rd quarter. Dopkins Wealth Management LLC now owns 50,000 shares of the company's stock worth $54,000 after buying an additional 21,664 shares in the last quarter. 9.88% of the stock is currently owned by institutional investors and hedge funds.

American Battery Technology Stock Up 7.4 %

Shares of ABAT traded up $0.14 during mid-day trading on Thursday, reaching $2.02. The company's stock had a trading volume of 5,887,481 shares, compared to its average volume of 6,777,775. American Battery Technology has a 1 year low of $0.73 and a 1 year high of $4.11. The company has a market cap of $164.61 million, a price-to-earnings ratio of -2.06 and a beta of -2.81. The business has a fifty day moving average of $1.46 and a 200 day moving average of $1.18.

American Battery Technology Company Profile

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.