American Battery Technology (NASDAQ:ABAT) Short Interest Update

American Battery Technology (NASDAQ:ABAT) saw a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 6,560,000 shares, an increase of 6.8% from the October 31st total of 6,140,000 shares. Based on an average trading volume of 632,800 shares, the short-interest ratio is presently 10.4 days. Approximately 9.1% of the shares of the stock are sold short.

Institutional Trading of American Battery Technology

A number of large investors have recently made changes to their positions in ABAT. Geode Capital Management LLC grew its position 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 worth $690,000 after acquiring an additional 40,169 shares in the last quarter. State Street Corp lifted its stake in shares of American Battery Technology by 26.9% in the 3rd 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 during the last quarter. Finally, Dopkins Wealth Management LLC boosted its holdings in shares of American Battery Technology by 76.5% in the 3rd quarter. Dopkins Wealth Management LLC now owns 50,000 shares of the company’s stock worth $54,000 after purchasing an additional 21,664 shares during the period. 9.88% of the stock is currently owned by institutional investors.

American Battery Technology Stock Down 9.7 %

ABAT opened at $0.84 on Tuesday. The company has a market capitalization of $62.78 million, a PE ratio of -0.95 and a beta of 2.17. The firm has a 50-day simple moving average of $0.96 and a two-hundred day simple moving average of $1.07. American Battery Technology has a 52 week low of $0.73 and a 52 week high of $6.45.

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

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.