American Battery Technology (NASDAQ:ABAT) experienced a notable decrease in short interest during February, with a total of 3,990,000 shares being sold short as of February 29th, representing an 8.1% drop from the previous month. This accounts for 7.9% of the company’s stock being sold short, with a short-interest ratio of 5.3 days based on the average daily volume of 757,300 shares.
In terms of institutional trading, several investors and hedge funds have recently adjusted their holdings of American Battery Technology. Fortis Capital Management LLC, Commonwealth Equity Services LLC, Charles Schwab Investment Management Inc., Townsquare Capital LLC, and Virtu Financial LLC are among those who have acquired new positions in the company.
American Battery Technology currently trades at $2.01 on NASDAQ, with a one-year low of $1.70 and a high of $18.00. The stock’s 50-day moving average price is $2.55.
The company’s latest earnings report on February 14th revealed an EPS of ($0.19) for the quarter.
American Battery Technology operates as a battery materials company, focusing on exploring and developing resources of battery metals such as lithium, nickel, cobalt, and manganese. They also commercialize technologies for extracting battery metals and recycling lithium-ion batteries.
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