American Battery Technology (NASDAQ:ABAT) Short Interest Up 32.8% in January

American Battery Technology (NASDAQ:ABAT - Get Free Report) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 7,080,000 shares, an increase of 32.8% from the December 31st total of 5,330,000 shares. Currently, 8.6% of the company's stock are short sold. Based on an average daily volume of 4,340,000 shares, the short-interest ratio is presently 1.6 days.

Institutional Trading of American Battery Technology

A number of institutional investors have recently bought and sold shares of the business. Tidal Investments LLC grew its position 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 buying an additional 4,284 shares during the last quarter. Dopkins Wealth Management LLC boosted its stake in American Battery Technology by 76.5% in the third quarter. Dopkins Wealth Management LLC now owns 50,000 shares of the company's stock valued at $54,000 after acquiring an additional 21,664 shares in the last quarter. Geode Capital Management LLC grew its stake in American Battery Technology by 6.6% during the 3rd quarter. Geode Capital Management LLC now owns 645,063 shares of the company's stock worth $690,000 after buying an additional 40,169 shares during the last quarter. Finally, State Street Corp lifted its stake in American Battery Technology by 26.9% in the third quarter. State Street Corp now owns 204,200 shares of the company's stock valued at $218,000 after buying an additional 43,300 shares during the last quarter. 9.88% of the stock is owned by hedge funds and other institutional investors.

American Battery Technology Price Performance

Shares of ABAT traded down $0.04 during midday trading on Thursday, reaching $1.35. The stock had a trading volume of 407,045 shares, compared to its average volume of 4,998,828. The company's fifty day simple moving average is $1.59 and its two-hundred day simple moving average is $1.21. The company has a market cap of $109.60 million, a price-to-earnings ratio of -1.38 and a beta of -2.81. American Battery Technology has a 1-year low of $0.73 and a 1-year high of $4.11.

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.