IQ EQ FUND MANAGEMENT IRELAND Ltd lowered its position in FREYR Battery, Inc. (NYSE:FREY - Free Report) by 81.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,342 shares of the company's stock after selling 324,425 shares during the period. IQ EQ FUND MANAGEMENT IRELAND Ltd owned about 0.05% of FREYR Battery worth $189,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. AXQ Capital LP acquired a new position in shares of FREYR Battery in the fourth quarter valued at approximately $47,000. Intech Investment Management LLC bought a new position in FREYR Battery during the 4th quarter worth about $142,000. Cibc World Markets Corp acquired a new stake in shares of FREYR Battery in the 4th quarter valued at about $27,000. Raymond James Financial Inc. bought a new stake in shares of FREYR Battery in the fourth quarter valued at about $36,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of FREYR Battery during the fourth quarter worth about $28,000. Institutional investors and hedge funds own 52.31% of the company's stock.
FREYR Battery Stock Performance
FREY traded down $0.04 on Wednesday, hitting $1.22. 973,373 shares of the company were exchanged, compared to its average volume of 2,310,436. FREYR Battery, Inc. has a 12 month low of $0.91 and a 12 month high of $3.36. The company has a market cap of $171.40 million, a PE ratio of -1.61 and a beta of 0.94. The stock's fifty day moving average is $1.68 and its 200-day moving average is $1.73.
Analysts Set New Price Targets
Separately, BTIG Research upgraded FREYR Battery from a "neutral" rating to a "buy" rating and set a $4.00 target price on the stock in a research note on Friday, December 20th.
Read Our Latest Report on FREYR Battery
About FREYR Battery
(
Free Report)
FREYR Battery, Inc provides battery solutions in the United States, Norway, and internationally. The company develops battery cell manufacturing facilities. It serves its products to energy storage systems and commercial mobility, including marine applications and commercial vehicles markets. The company is headquartered in Luxembourg.
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