Hsbc Holdings PLC Has $34,000 Position in FREYR Battery, Inc. (NYSE:FREY)

Hsbc Holdings PLC lowered its holdings in FREYR Battery, Inc. (NYSE:FREY) by 42.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,043 shares of the company’s stock after selling 9,572 shares during the quarter. Hsbc Holdings PLC’s holdings in FREYR Battery were worth $34,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of FREY. Invesco Ltd. grew its position in FREYR Battery by 48.5% in the 4th quarter. Invesco Ltd. now owns 2,144,187 shares of the company’s stock valued at $5,532,000 after purchasing an additional 700,469 shares during the period. Renaissance Technologies LLC grew its position in FREYR Battery by 1,883.2% in the 4th quarter. Renaissance Technologies LLC now owns 592,986 shares of the company’s stock valued at $1,530,000 after purchasing an additional 563,086 shares during the period. CenterBook Partners LP acquired a new stake in FREYR Battery in the 4th quarter valued at $640,000. EAM Investors LLC bought a new position in FREYR Battery during the 4th quarter valued at $614,000. Finally, Marshall Wace LLP boosted its holdings in FREYR Battery by 1,178.8% during the 4th quarter. Marshall Wace LLP now owns 169,994 shares of the company’s stock worth $439,000 after acquiring an additional 156,701 shares during the last quarter. Institutional investors and hedge funds own 52.31% of the company’s stock.

FREYR Battery Price Performance

FREY opened at $1.39 on Tuesday. The company has a market capitalization of $195.28 million, a price-to-earnings ratio of -1.83 and a beta of 0.94. The firm’s fifty day moving average price is $1.28 and its two-hundred day moving average price is $1.76. FREYR Battery, Inc. has a 1 year low of $0.91 and a 1 year high of $3.36.

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.