American Battery Technology (NASDAQ:ABAT - Get Free Report) saw a significant growth in short interest during 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. Approximately 8.6% of the company's shares are sold short. Based on an average trading volume of 4,340,000 shares, the days-to-cover ratio is currently 1.6 days.
American Battery Technology Price Performance
Shares of NASDAQ:ABAT traded down $0.03 during trading on Friday, hitting $1.99. The company had a trading volume of 2,580,991 shares, compared to its average volume of 6,386,219. The stock has a market cap of $162.00 million, a price-to-earnings ratio of -2.03 and a beta of -2.81. The company has a fifty day simple moving average of $1.46 and a two-hundred day simple moving average of $1.18. American Battery Technology has a one year low of $0.73 and a one year high of $4.11.
Institutional Trading of American Battery Technology
Institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC increased its position in American Battery Technology by 6.6% during the third quarter. Geode Capital Management LLC now owns 645,063 shares of the company's stock valued at $690,000 after acquiring an additional 40,169 shares during the last quarter. State Street Corp grew its holdings in American Battery Technology by 26.9% during the 3rd quarter. State Street Corp now owns 204,200 shares of the company's stock valued at $218,000 after purchasing an additional 43,300 shares during the last quarter. Tidal Investments LLC grew its holdings in American Battery Technology by 5.9% during 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 last quarter. Finally, Dopkins Wealth Management LLC raised 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 purchasing an additional 21,664 shares during the period. 9.88% of the stock is currently owned by institutional investors.
American Battery Technology Company Profile
(
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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.
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