American Battery Technology (NASDAQ:ABAT) Short Interest Up 43.8% in September

American Battery Technology (NASDAQ:ABAT) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totalling 6,800,000 shares, a growth of 43.8% from the September 15th total of 4,730,000 shares. Based on an average daily trading volume, of 564,700 shares, the short-interest ratio is currently 12.0 days. Currently, 9.8% of the company’s stock are short sold.

American Battery Technology Trading Up 1.0 %

NASDAQ:ABAT opened at $1.01 on Friday. American Battery Technology has a 1-year low of $0.75 and a 1-year high of $7.89. The business’s fifty day moving average price is $1.03 and its 200 day moving average price is $1.21. The firm has a market capitalization of $74.04 million and a price-to-earnings ratio of -1.04.

American Battery Technology (NASDAQ:ABAT) last issued its earnings results on Monday, September 23rd. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.13) by ($0.11). The business had revenue of $0.34 million during the quarter, compared to the consensus estimate of $5.00 million.

Institutional Trading of American Battery Technology

A hedge fund recently bought a new stake in American Battery Technology stock. Scarborough Advisors LLC bought a new position in shares of American Battery Technology (NASDAQ:ABAT) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 9,753 shares of the company’s stock, valued at approximately $46,000. Institutional investors own 9.88% of the company’s stock.

American Battery Technology Company Profile

American Battery Technology Company operates as a battery materials company. The company explores for resources of battery metals, such as such as lithium, nickel, cobalt, and manganese; and develops and commercializes technologies for the extraction of battery metals, as well as commercializes integrated process for the recycling of lithium-ion batteries.