Short Interest in American Battery Technology (NASDAQ:ABAT) Declines By 21.8%

American Battery Technology (NASDAQ:ABAT - Get Free Report) saw a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 5,330,000 shares, a decline of 21.8% from the November 30th total of 6,820,000 shares. Based on an average daily trading volume, of 2,510,000 shares, the days-to-cover ratio is currently 2.1 days. Currently, 7.2% of the company's shares are sold short.

Institutional Trading of American Battery Technology

A number of institutional investors have recently added to or reduced their stakes in the business. Dopkins Wealth Management LLC boosted its holdings 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 acquiring an additional 21,664 shares during the period. State Street Corp lifted its position 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 purchasing an additional 43,300 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of American Battery Technology by 6.6% in the third quarter. Geode Capital Management LLC now owns 645,063 shares of the company's stock valued at $690,000 after purchasing an additional 40,169 shares during the period. 9.88% of the stock is owned by hedge funds and other institutional investors.

American Battery Technology Trading Up 7.0 %

NASDAQ:ABAT traded up $0.22 on Friday, hitting $3.36. 21,440,750 shares of the stock were exchanged, compared to its average volume of 1,315,532. The stock has a fifty day moving average of $1.12 and a 200-day moving average of $1.07. The stock has a market cap of $257.02 million, a PE ratio of -3.43 and a beta of 2.17. American Battery Technology has a fifty-two week low of $0.73 and a fifty-two week high of $5.07.

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.