American Battery Technology (NASDAQ:ABAT) Short Interest Up 32.8% in December

American Battery Technology (NASDAQ:ABAT) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totalling 7,080,000 shares, a growth of 32.8% from the December 15th total of 5,330,000 shares. Currently, 8.6% of the shares of the company are short sold. Based on an average daily trading volume, of 4,340,000 shares, the short-interest ratio is currently 1.6 days.

Institutional Trading of American Battery Technology

Several institutional investors have recently modified their holdings of ABAT. Tidal Investments LLC lifted its holdings in shares of American Battery Technology by 5.9% during the 3rd quarter. Tidal Investments LLC now owns 77,475 shares of the company’s stock worth $83,000 after acquiring an additional 4,284 shares during the period. Geode Capital Management LLC grew its position in American Battery Technology by 6.6% during the 3rd quarter. Geode Capital Management LLC now owns 645,063 shares of the company’s stock worth $690,000 after acquiring an additional 40,169 shares during the last quarter. State Street Corp boosted its stake in American Battery Technology by 26.9% in the third quarter. State Street Corp now owns 204,200 shares of the company’s stock worth $218,000 after purchasing an additional 43,300 shares in the last quarter. Finally, Dopkins Wealth Management LLC lifted its position in American Battery Technology by 76.5% during the 3rd quarter. Dopkins Wealth Management LLC now owns 50,000 shares of the company’s stock worth $54,000 after buying an additional 21,664 shares in the last quarter. Institutional investors and hedge funds own 9.88% of the company’s stock.

American Battery Technology Stock Performance

NASDAQ ABAT opened at $1.88 on Thursday. The firm has a 50-day simple moving average of $1.42 and a 200 day simple moving average of $1.17. The stock has a market cap of $153.21 million, a PE ratio of -1.92 and a beta of -2.81. American Battery Technology has a twelve month low of $0.73 and a twelve month high of $4.11.

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.