Short Interest in American Battery Technology (NASDAQ:ABAT) Increases By 32.8%

American Battery Technology (NASDAQ:ABAT) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 7,080,000 shares, an increase 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 days-to-cover ratio is currently 1.6 days. Currently, 8.6% of the shares of the stock are sold short.

American Battery Technology Stock Performance

Shares of ABAT stock opened at $1.38 on Friday. The company’s 50-day moving average price is $1.60 and its 200-day moving average price is $1.21. The stock has a market cap of $112.46 million, a price-to-earnings ratio of -1.41 and a beta of -2.81. American Battery Technology has a twelve month low of $0.73 and a twelve month high of $4.11.

Institutional Trading of American Battery Technology

Several institutional investors and hedge funds have recently bought and sold shares of ABAT. State Street Corp increased its stake in American Battery Technology by 26.9% during the third quarter. State Street Corp now owns 204,200 shares of the company’s stock worth $218,000 after purchasing an additional 43,300 shares during the period. Geode Capital Management LLC increased its stake in shares of American Battery Technology by 6.6% during the third 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 during the period. Dopkins Wealth Management LLC increased its stake in shares of American Battery Technology by 76.5% during the third quarter. Dopkins Wealth Management LLC now owns 50,000 shares of the company’s stock worth $54,000 after buying an additional 21,664 shares during the period. Finally, Tidal Investments LLC increased its stake in shares of American Battery Technology by 5.9% during the third 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 period. 9.88% of the stock is currently owned by hedge funds and other institutional investors.

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.