FREYR Battery, Inc. (NYSE:FREY) Sees Large Drop in Short Interest

FREYR Battery, Inc. (NYSE:FREYGet Free Report) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 11,790,000 shares, a decrease of 9.3% from the September 15th total of 13,000,000 shares. Based on an average daily trading volume, of 1,310,000 shares, the days-to-cover ratio is presently 9.0 days. Approximately 9.7% of the company’s shares are short sold.

FREYR Battery Price Performance

Shares of FREY traded down $0.05 during trading hours on Thursday, hitting $1.02. 535,006 shares of the stock were exchanged, compared to its average volume of 1,600,156. FREYR Battery has a fifty-two week low of $0.91 and a fifty-two week high of $4.34. The business has a 50-day moving average of $1.11 and a 200-day moving average of $1.59. The firm has a market capitalization of $142.50 million, a P/E ratio of -1.73 and a beta of 0.73.

FREYR Battery (NYSE:FREYGet Free Report) last posted its quarterly earnings data on Friday, August 9th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.01). During the same period in the prior year, the business posted ($0.18) EPS.

Institutional Investors Weigh In On FREYR Battery

A number of large investors have recently bought and sold shares of the stock. Jennison Associates LLC grew its holdings in FREYR Battery by 0.7% in the first quarter. Jennison Associates LLC now owns 1,301,720 shares of the company’s stock worth $2,187,000 after purchasing an additional 8,583 shares during the period. Victory Capital Management Inc. acquired a new stake in FREYR Battery in the second quarter worth $26,000. Bayesian Capital Management LP acquired a new stake in FREYR Battery in the first quarter worth $33,000. SG Americas Securities LLC grew its holdings in FREYR Battery by 93.3% in the third quarter. SG Americas Securities LLC now owns 43,228 shares of the company’s stock worth $42,000 after purchasing an additional 20,860 shares during the period. Finally, WINTON GROUP Ltd acquired a new stake in FREYR Battery in the second quarter worth $56,000. 52.31% of the stock is currently owned by institutional investors and hedge funds.

About FREYR Battery

(Get Free Report)

FREYR Battery, Inc provides battery solutions in the United States, Norway, and internationally. The company develops battery cell manufacturing facilities. It serves its products to energy storage systems and commercial mobility, including marine applications and commercial vehicles markets. The company is headquartered in Luxembourg.

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