IQ EQ FUND MANAGEMENT IRELAND Ltd Decreases Stock Holdings in FREYR Battery, Inc. (NYSE:FREY)

IQ EQ FUND MANAGEMENT IRELAND Ltd cut its stake in shares of FREYR Battery, Inc. (NYSE:FREY - Free Report) by 81.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. 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 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in FREYR Battery by 45.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,026,774 shares of the company's stock worth $996,000 after buying an additional 320,217 shares during the period. State Street Corp boosted its stake in shares of FREYR Battery by 24.4% in the third quarter. State Street Corp now owns 1,567,499 shares of the company's stock worth $1,521,000 after acquiring an additional 307,426 shares during the period. Erste Asset Management GmbH purchased a new stake in shares of FREYR Battery during the third quarter worth about $156,000. Barclays PLC raised its stake in FREYR Battery by 274.9% during the 3rd quarter. Barclays PLC now owns 147,124 shares of the company's stock valued at $142,000 after purchasing an additional 107,881 shares during the period. Finally, Quadrature Capital Ltd purchased a new position in FREYR Battery in the 3rd quarter worth approximately $103,000. Institutional investors own 52.31% of the company's stock.

FREYR Battery Stock Down 3.1 %

NYSE FREY traded down $0.04 on Tuesday, reaching $1.26. The company had a trading volume of 1,351,463 shares, compared to its average volume of 2,307,548. The stock has a market capitalization of $177.02 million, a PE ratio of -1.66 and a beta of 0.94. FREYR Battery, Inc. has a 12 month low of $0.91 and a 12 month high of $3.36. The firm's 50 day moving average price is $1.70 and its 200 day moving average price is $1.73.

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Analyst Upgrades and Downgrades

Separately, BTIG Research raised shares of FREYR Battery from a "neutral" rating to a "buy" rating and set a $4.00 price objective for the company in a report on Friday, December 20th.

FREYR Battery Profile

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.