D. E. Shaw & Co. Inc. Has $3.76 Million Stock Holdings in FREYR Battery, Inc. (NYSE:FREY)

D. E. Shaw & Co. Inc. raised its holdings in FREYR Battery, Inc. (NYSE:FREY) by 2,538.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,458,467 shares of the company’s stock after acquiring an additional 1,403,183 shares during the quarter. D. E. Shaw & Co. Inc. owned about 1.04% of FREYR Battery worth $3,763,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC lifted its stake in shares of FREYR Battery by 274.9% in the third quarter. Barclays PLC now owns 147,124 shares of the company’s stock worth $142,000 after buying an additional 107,881 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of FREYR Battery by 42.6% in the fourth quarter. SG Americas Securities LLC now owns 61,653 shares of the company’s stock worth $159,000 after buying an additional 18,425 shares during the last quarter. FSM Wealth Advisors LLC acquired a new stake in shares of FREYR Battery in the fourth quarter worth $51,000. Summit Trail Advisors LLC acquired a new stake in shares of FREYR Battery in the fourth quarter worth $129,000. Finally, Rhumbline Advisers lifted its stake in shares of FREYR Battery by 28.3% in the fourth quarter. Rhumbline Advisers now owns 142,382 shares of the company’s stock worth $367,000 after buying an additional 31,421 shares during the last quarter. 52.31% of the stock is currently owned by institutional investors and hedge funds.

FREYR Battery Trading Down 7.1%

Shares of FREYR Battery stock opened at $1.18 on Monday. The firm has a fifty day simple moving average of $1.29 and a 200-day simple moving average of $1.77. FREYR Battery, Inc. has a 1-year low of $0.91 and a 1-year high of $3.36. The stock has a market capitalization of $165.78 million, a price-to-earnings ratio of -1.55 and a beta of 0.94.

FREYR Battery Profile

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.