American Battery Technology (NASDAQ:ABAT - Get Free Report) was the recipient of a significant growth in short interest in the month of 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. Approximately 8.6% of the company's stock are short sold. Based on an average daily trading volume, of 4,340,000 shares, the short-interest ratio is presently 1.6 days.
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 firm has a market capitalization of $112.46 million, a price-to-earnings ratio of -1.41 and a beta of -2.81. American Battery Technology has a fifty-two week low of $0.73 and a fifty-two week high of $4.11.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp boosted its holdings in 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 purchasing an additional 43,300 shares in the last quarter. Geode Capital Management LLC boosted its holdings in American Battery Technology by 6.6% in the third quarter. Geode Capital Management LLC now owns 645,063 shares of the company's stock valued at $690,000 after purchasing an additional 40,169 shares in the last quarter. Dopkins Wealth Management LLC boosted its holdings in American Battery Technology by 76.5% in the third quarter. Dopkins Wealth Management LLC now owns 50,000 shares of the company's stock valued at $54,000 after purchasing an additional 21,664 shares in the last quarter. Finally, Tidal Investments LLC boosted its holdings in 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 in the last quarter. 9.88% of the stock is owned by institutional investors and hedge funds.
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.
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