Quadrature Capital Ltd Purchases New Position in FREYR Battery, Inc. (NYSE:FREY)

Quadrature Capital Ltd purchased a new stake in shares of FREYR Battery, Inc. (NYSE:FREY) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 149,480 shares of the company’s stock, valued at approximately $281,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kennedy Capital Management LLC boosted its stake in FREYR Battery by 35.7% during the third quarter. Kennedy Capital Management LLC now owns 223,893 shares of the company’s stock valued at $1,095,000 after buying an additional 58,893 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new position in FREYR Battery during the third quarter valued at approximately $61,000. Franklin Resources Inc. boosted its stake in FREYR Battery by 10.0% during the fourth quarter. Franklin Resources Inc. now owns 915,700 shares of the company’s stock valued at $1,712,000 after buying an additional 83,400 shares during the last quarter. Aigen Investment Management LP bought a new position in FREYR Battery during the third quarter valued at approximately $162,000. Finally, BSW Wealth Partners bought a new position in FREYR Battery during the fourth quarter valued at approximately $34,000. 52.31% of the stock is owned by institutional investors.

FREYR Battery Trading Down 7.9 %

Shares of FREYR Battery stock opened at $1.58 on Wednesday. The stock has a 50 day moving average of $1.93 and a 200 day moving average of $1.77. FREYR Battery, Inc. has a 12 month low of $1.21 and a 12 month high of $10.10. The firm has a market cap of $220.04 million, a PE ratio of -2.54 and a beta of 0.80.

FREYR Battery (NYSE:FREY) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.21) earnings per share (EPS) for the quarter.

FREYR Battery Profile

FREYR Battery, Inc provides battery solutions in the United States, Norway, and internationally. The company develops battery cell manufacturing facilities. It serves its products to energy storage systems and commercial mobility, including marine applications and commercial vehicles markets. The company is headquartered in Luxembourg.