Long Focus Capital Management LLC lifted its position in shares of FREYR Battery, Inc. (NYSE:FREY - Free Report) by 27.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,650,000 shares of the company's stock after acquiring an additional 1,200,950 shares during the quarter. Long Focus Capital Management LLC owned approximately 4.02% of FREYR Battery worth $14,577,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Truist Financial Corp bought a new stake in shares of FREYR Battery during the 4th quarter valued at $26,000. Cibc World Markets Corp bought a new stake in FREYR Battery in the fourth quarter valued at about $27,000. SBI Securities Co. Ltd. acquired a new position in FREYR Battery in the fourth quarter valued at about $28,000. Dynamic Technology Lab Private Ltd bought a new position in FREYR Battery during the fourth quarter worth about $31,000. Finally, Raymond James Financial Inc. acquired a new position in shares of FREYR Battery during the 4th quarter worth about $36,000. Institutional investors and hedge funds own 52.31% of the company's stock.
FREYR Battery Price Performance
Shares of NYSE:FREY opened at $1.03 on Wednesday. The firm's 50 day simple moving average is $1.41 and its 200 day simple moving average is $1.73. FREYR Battery, Inc. has a fifty-two week low of $0.91 and a fifty-two week high of $3.36. The company has a market capitalization of $144.70 million, a price-to-earnings ratio of -1.36 and a beta of 0.94.
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.
See Also
Want to see what other hedge funds are holding FREY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FREYR Battery, Inc. (NYSE:FREY - Free Report).
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