Electra Battery Materials Co. (NASDAQ:ELBM – Get Free Report) was the target of a large growth in short interest in April. As of April 15th, there was short interest totalling 243,000 shares, a growth of 10.2% from the March 31st total of 220,600 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 170,700 shares, the short-interest ratio is presently 1.4 days.
Institutional Trading of Electra Battery Materials
Institutional investors have recently modified their holdings of the company. Rathbones Group PLC acquired a new stake in Electra Battery Materials in the 3rd quarter worth approximately $31,000. Cable Car Capital LLC acquired a new stake in Electra Battery Materials in the 4th quarter worth approximately $45,000. Kepos Capital LP acquired a new stake in Electra Battery Materials in the 3rd quarter worth approximately $105,000. Finally, MMCAP International Inc. SPC acquired a new stake in Electra Battery Materials in the 3rd quarter worth approximately $180,000. 32.90% of the stock is currently owned by institutional investors.
Electra Battery Materials Stock Up 2.0 %
NASDAQ:ELBM opened at $0.44 on Thursday. Electra Battery Materials has a fifty-two week low of $0.31 and a fifty-two week high of $2.66. The stock has a market capitalization of $15.53 million, a P/E ratio of -1.15 and a beta of 2.69. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.24 and a current ratio of 0.24. The company’s 50-day simple moving average is $0.48 and its 200-day simple moving average is $0.46.
Electra Battery Materials Company Profile
Electra Battery Materials Corporation engages in the acquisition and exploration of resource properties in the United States and Canada. It primarily explores for cobalt and silver deposits. The company's flagship project is the Iron Creek cobalt-copper project located in Lemhi County, Idaho. It also operates a cobalt refinery for producing battery materials for the electric vehicle supply chain.
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