American Battery Technology (NASDAQ:ABAT) Short Interest Up 6.8% in November

American Battery Technology (NASDAQ:ABAT - Get Free Report) was the recipient of a large increase in short interest in November. As of November 15th, there was short interest totalling 6,560,000 shares, an increase of 6.8% from the October 31st total of 6,140,000 shares. Approximately 9.1% of the shares of the company are short sold. Based on an average trading volume of 632,800 shares, the short-interest ratio is currently 10.4 days.

American Battery Technology Stock Up 9.7 %

American Battery Technology stock traded up $0.08 during trading hours on Tuesday, hitting $0.92. The stock had a trading volume of 559,790 shares, compared to its average volume of 591,055. The company has a 50-day moving average of $0.96 and a two-hundred day moving average of $1.07. The company has a market cap of $68.89 million, a PE ratio of -0.95 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 $6.45.

American Battery Technology (NASDAQ:ABAT - Get Free Report) last posted its quarterly earnings results on Monday, September 23rd. The company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.11). The business had revenue of $0.34 million during the quarter, compared to analysts' expectations of $5.00 million.

Hedge Funds Weigh In On American Battery Technology

A number of hedge funds have recently modified their holdings of ABAT. Dopkins Wealth Management LLC raised its holdings in shares of 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. State Street Corp raised its holdings in shares of 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, Geode Capital Management LLC raised its holdings in shares of American Battery Technology by 6.6% in 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 in the last quarter. 9.88% of the stock is owned by institutional investors and hedge funds.

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.