Electra Battery Materials Co. (NASDAQ:ELBM – Get Free Report) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 63,300 shares, a growth of 174.0% from the February 13th total of 23,100 shares. Based on an average daily volume of 50,600 shares, the days-to-cover ratio is currently 1.3 days. Approximately 0.4% of the company’s shares are short sold.
Wall Street Analyst Weigh In
Separately, HC Wainwright decreased their price objective on Electra Battery Materials from $5.60 to $5.20 and set a “buy” rating on the stock in a report on Wednesday, November 27th.
Get Our Latest Research Report on Electra Battery Materials
Institutional Inflows and Outflows
Electra Battery Materials Trading Up 0.7 %
Electra Battery Materials stock traded up $0.01 during midday trading on Friday, reaching $1.43. The stock had a trading volume of 28,061 shares, compared to its average volume of 43,836. Electra Battery Materials has a twelve month low of $1.04 and a twelve month high of $2.83. The stock has a market capitalization of $21.17 million, a PE ratio of -0.40 and a beta of 2.46. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.07 and a current ratio of 0.07. The stock’s 50-day simple moving average is $1.59 and its 200 day simple moving average is $1.95.
About Electra Battery Materials
Electra Battery Materials Corporation engages in the acquisition and exploration of resource properties in the United States and Canada. It primarily explores for cobalt and silver deposits. The company's flagship project is the Iron Creek cobalt-copper project located in Lemhi County, Idaho. It also operates a cobalt refinery for producing battery materials for the electric vehicle supply chain.
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