Skandinaviska Enskilda Banken AB publ Cuts Position in FREYR Battery, Inc. (NYSE:FREY)

Skandinaviska Enskilda Banken AB publ lowered its position in FREYR Battery, Inc. (NYSE:FREY) by 13.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 335,681 shares of the company’s stock after selling 52,095 shares during the quarter. Skandinaviska Enskilda Banken AB publ owned approximately 0.24% of FREYR Battery worth $571,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Renaissance Technologies LLC purchased a new stake in FREYR Battery during the 2nd quarter worth about $170,000. WINTON GROUP Ltd purchased a new stake in FREYR Battery during the second quarter worth approximately $56,000. American Century Companies Inc. purchased a new stake in FREYR Battery during the second quarter worth approximately $61,000. Victory Capital Management Inc. acquired a new position in FREYR Battery in the second quarter valued at approximately $26,000. Finally, Rhumbline Advisers purchased a new position in FREYR Battery in the second quarter valued at approximately $203,000. Institutional investors and hedge funds own 52.31% of the company’s stock.

FREYR Battery Trading Up 2.2 %

Shares of NYSE:FREY opened at $1.02 on Wednesday. The firm has a 50 day simple moving average of $1.32 and a 200-day simple moving average of $1.65. The company has a market capitalization of $141.80 million, a PE ratio of -1.64 and a beta of 0.74. FREYR Battery, Inc. has a twelve month low of $0.91 and a twelve month high of $5.35.

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

FREYR Battery Company 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.