American Battery Technology (NASDAQ:ABAT) Sees Large Drop in Short Interest

American Battery Technology (NASDAQ:ABAT) was the recipient of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 5,860,000 shares, a decrease of 12.7% from the January 15th total of 6,710,000 shares. Currently, 7.1% of the shares of the company are short sold. Based on an average daily volume of 5,180,000 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Investors Weigh In On American Battery Technology

Large investors have recently modified their holdings of the stock. Dopkins Wealth Management LLC raised its position in American Battery Technology by 76.5% during the 3rd 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 last quarter. State Street Corp boosted its holdings 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 valued at $218,000 after acquiring an additional 43,300 shares in the last quarter. 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 acquiring an additional 40,169 shares during the period. Tidal Investments LLC raised its holdings in 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 purchasing an additional 4,284 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in American Battery Technology in the 4th quarter valued at approximately $56,000. Hedge funds and other institutional investors own 9.88% of the company’s stock.

American Battery Technology Price Performance

Shares of NASDAQ:ABAT opened at $1.38 on Monday. American Battery Technology has a 1-year low of $0.73 and a 1-year high of $4.11. The stock has a market cap of $112.46 million, a P/E ratio of -1.41 and a beta of -2.89. The firm has a fifty day moving average price of $1.70 and a 200 day moving average price of $1.24.

American Battery Technology (NASDAQ:ABAT) last announced its earnings results on Friday, February 14th. The company reported ($0.18) EPS for the quarter. The firm had revenue of $330 billion for the quarter.

American Battery Technology Company Profile

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.