American Battery Technology (NASDAQ:ABAT) Short Interest Update

American Battery Technology (NASDAQ:ABAT - Get Free Report) was the recipient of a significant growth in short interest in January. As of January 15th, there was short interest totalling 7,080,000 shares, a growth of 32.8% from the December 31st total of 5,330,000 shares. Based on an average daily volume of 4,340,000 shares, the short-interest ratio is currently 1.6 days. Approximately 8.6% of the company's stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Dopkins Wealth Management LLC lifted its holdings in 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 purchasing an additional 21,664 shares during the last quarter. Tidal Investments LLC raised its position in shares of American Battery Technology by 5.9% in the third quarter. Tidal Investments LLC now owns 77,475 shares of the company's stock valued at $83,000 after purchasing an additional 4,284 shares during the period. State Street Corp lifted its stake in shares of American Battery Technology by 26.9% in the third quarter. State Street Corp now owns 204,200 shares of the company's stock worth $218,000 after buying an additional 43,300 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in American Battery Technology by 6.6% in the 3rd quarter. Geode Capital Management LLC now owns 645,063 shares of the company's stock valued at $690,000 after buying an additional 40,169 shares during the last quarter. Institutional investors and hedge funds own 9.88% of the company's stock.

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American Battery Technology Trading Down 6.2 %

American Battery Technology stock traded down $0.10 during mid-day trading on Monday, hitting $1.52. 2,048,261 shares of the company's stock were exchanged, compared to its average volume of 4,787,055. American Battery Technology has a 1-year low of $0.73 and a 1-year high of $4.11. The stock has a 50 day moving average of $1.62 and a two-hundred day moving average of $1.22. The stock has a market cap of $123.86 million, a P/E ratio of -1.55 and a beta of -2.87.

About American Battery Technology

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.