American Battery Technology (NASDAQ:ABAT - Get Free Report) was the recipient of a large decrease in short interest in the month of January. As of January 31st, there was short interest totalling 5,860,000 shares, a decrease of 12.7% from the January 15th total of 6,710,000 shares. Currently, 7.1% of the company's stock are short sold. Based on an average daily volume of 5,180,000 shares, the short-interest ratio is presently 1.1 days.
American Battery Technology Price Performance
ABAT stock traded down $0.07 during trading hours on Wednesday, reaching $1.19. 1,306,725 shares of the stock were exchanged, compared to its average volume of 3,711,417. The company has a market cap of $96.97 million, a price-to-earnings ratio of -1.23 and a beta of -2.89. The firm's 50-day moving average is $1.72 and its 200-day moving average is $1.25. American Battery Technology has a 12 month low of $0.73 and a 12 month high of $4.11.
American Battery Technology (NASDAQ:ABAT - Get Free Report) last posted its quarterly earnings data on Friday, February 14th. The company reported ($0.18) earnings per share (EPS) for the quarter. The company had revenue of $330 billion during the quarter.
Hedge Funds Weigh In On American Battery Technology
Several hedge funds have recently made changes to their positions in the business. Dopkins Wealth Management LLC lifted its position in shares of American Battery Technology by 76.5% in the third 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 in the last quarter. State Street Corp lifted its position in American Battery Technology by 26.9% during 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. Geode Capital Management LLC lifted its position 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 in the last quarter. Tidal Investments LLC boosted its stake in shares of American Battery Technology by 5.9% during the 3rd quarter. Tidal Investments LLC now owns 77,475 shares of the company's stock worth $83,000 after buying an additional 4,284 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of American Battery Technology in the 4th quarter valued at about $56,000. 9.88% of the stock is owned by institutional investors.
About American Battery Technology
(
Get Free Report)
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.
Further Reading
Before you consider American Battery Technology, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Battery Technology wasn't on the list.
While American Battery Technology currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
