Short Interest in American Battery Technology (NASDAQ:ABAT) Increases By 32.8%

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

American Battery Technology Stock Performance

ABAT stock opened at $1.38 on Friday. The company’s 50 day moving average price is $1.60 and its 200 day moving average price is $1.21. The firm has a market capitalization of $112.46 million, a price-to-earnings ratio of -1.41 and a beta of -2.81. American Battery Technology has a fifty-two week low of $0.73 and a fifty-two week high of $4.11.

Hedge Funds Weigh In On American Battery Technology

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp boosted its holdings in American Battery Technology by 26.9% in the third quarter. State Street Corp now owns 204,200 shares of the company’s stock valued at $218,000 after purchasing an additional 43,300 shares in the last quarter. Geode Capital Management LLC boosted its holdings in American Battery Technology by 6.6% in the third quarter. Geode Capital Management LLC now owns 645,063 shares of the company’s stock valued at $690,000 after purchasing an additional 40,169 shares in the last quarter. Dopkins Wealth Management LLC boosted its holdings in American Battery Technology by 76.5% in the third quarter. Dopkins Wealth Management LLC now owns 50,000 shares of the company’s stock valued at $54,000 after purchasing an additional 21,664 shares in the last quarter. Finally, Tidal Investments LLC boosted its holdings in American Battery Technology by 5.9% in the third quarter. Tidal Investments LLC now owns 77,475 shares of the company’s stock valued at $83,000 after purchasing an additional 4,284 shares in the last quarter. 9.88% of the stock is owned by institutional investors and hedge funds.

About American Battery Technology

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.