FREYR Battery, Inc. (NYSE:FREY) Short Interest Update

FREYR Battery, Inc. (NYSE:FREY) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 8,330,000 shares, a growth of 8.9% from the March 31st total of 7,650,000 shares. Based on an average daily volume of 1,570,000 shares, the days-to-cover ratio is currently 5.3 days. Currently, 6.8% of the company’s stock are short sold.

FREYR Battery Price Performance

FREY stock opened at $1.68 on Thursday. FREYR Battery has a 1-year low of $1.21 and a 1-year high of $10.10. The business has a fifty day moving average price of $1.68 and a 200-day moving average price of $1.91. The stock has a market capitalization of $234.70 million, a P/E ratio of -3.29 and a beta of 0.71.

FREYR Battery (NYSE:FREY) last posted its quarterly earnings results on Thursday, February 29th. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate of ($0.27) by $0.08. As a group, analysts anticipate that FREYR Battery will post -1.03 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of FREY. Capstone Investment Advisors LLC bought a new stake in shares of FREYR Battery in the fourth quarter worth $28,000. BSW Wealth Partners bought a new stake in shares of FREYR Battery in the fourth quarter worth $34,000. Exchange Traded Concepts LLC bought a new stake in shares of FREYR Battery in the third quarter worth $41,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of FREYR Battery in the third quarter worth $61,000. Finally, Commonwealth Equity Services LLC bought a new stake in shares of FREYR Battery in the third quarter worth $86,000. Hedge funds and other institutional investors own 52.31% of the company’s stock.

FREYR Battery Company 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, Luxembourg.