American Battery Technology (NASDAQ:ABAT) Short Interest Up 43.8% in September

American Battery Technology (NASDAQ:ABAT) saw a significant increase in short interest in September. As of September 30th, there was short interest totalling 6,800,000 shares, an increase of 43.8% from the September 15th total of 4,730,000 shares. Based on an average daily trading volume, of 564,700 shares, the short-interest ratio is currently 12.0 days. Approximately 9.8% of the company’s shares are sold short.

American Battery Technology Price Performance

ABAT stock opened at $1.01 on Friday. American Battery Technology has a 1 year low of $0.75 and a 1 year high of $7.89. The firm has a 50-day moving average of $1.03 and a 200 day moving average of $1.21. The company has a market cap of $74.04 million and a P/E ratio of -1.04.

American Battery Technology (NASDAQ:ABAT) last announced its earnings results on Monday, September 23rd. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.11). The business had revenue of $0.34 million for the quarter, compared to analyst estimates of $5.00 million.

Hedge Funds Weigh In On American Battery Technology

An institutional investor recently bought a new position in American Battery Technology stock. Scarborough Advisors LLC purchased a new stake in shares of American Battery Technology (NASDAQ:ABAT) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 9,753 shares of the company’s stock, valued at approximately $46,000. 9.88% of the stock is currently owned by institutional investors.

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.