FREYR Battery, Inc. (NYSE:FREY) Shares Sold by Long Focus Capital Management LLC

Long Focus Capital Management LLC cut its holdings in shares of FREYR Battery, Inc. (NYSE:FREY) by 6.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,298,550 shares of the company’s stock after selling 150,000 shares during the quarter. Long Focus Capital Management LLC’s holdings in FREYR Battery were worth $3,908,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Victory Capital Management Inc. acquired a new position in shares of FREYR Battery in the 2nd quarter valued at $26,000. Capstone Investment Advisors LLC acquired a new position in FREYR Battery in the 4th quarter worth about $28,000. Bayesian Capital Management LP acquired a new position in FREYR Battery in the 1st quarter worth about $33,000. SG Americas Securities LLC acquired a new stake in FREYR Battery in the second quarter valued at approximately $38,000. Finally, WINTON GROUP Ltd acquired a new stake in FREYR Battery in the second quarter valued at approximately $56,000. 52.31% of the stock is owned by hedge funds and other institutional investors.

FREYR Battery Price Performance

Shares of NYSE:FREY opened at $1.04 on Friday. The business’s 50 day moving average price is $1.29 and its 200-day moving average price is $1.64. FREYR Battery, Inc. has a 1 year low of $0.91 and a 1 year high of $5.35. The firm has a market capitalization of $146.11 million, a price-to-earnings ratio of -1.68 and a beta of 0.74.

FREYR Battery (NYSE:FREY) last posted 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 period in the prior year, the business posted ($0.18) earnings per share.

About FREYR Battery

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.