Soviero Asset Management LP Takes $1.67 Million Position in American Battery Technology (NASDAQ:ABAT)

Soviero Asset Management LP acquired a new stake in American Battery Technology (NASDAQ:ABAT) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 680,000 shares of the company’s stock, valued at approximately $1,673,000.

Several other institutional investors and hedge funds have also modified their holdings of ABAT. Corient Private Wealth LLC acquired a new position in American Battery Technology in the 4th quarter worth about $25,000. Squarepoint Ops LLC acquired a new position in American Battery Technology in the 4th quarter worth about $32,000. Schonfeld Strategic Advisors LLC acquired a new position in American Battery Technology in the 4th quarter worth about $43,000. Raymond James Financial Inc. acquired a new position in American Battery Technology in the 4th quarter worth about $56,000. Finally, Tower Research Capital LLC TRC raised its holdings in American Battery Technology by 753.8% in the 4th quarter. Tower Research Capital LLC TRC now owns 29,773 shares of the company’s stock worth $73,000 after purchasing an additional 26,286 shares during the period. Institutional investors and hedge funds own 9.88% of the company’s stock.

American Battery Technology Trading Down 1.9%

NASDAQ ABAT opened at $1.55 on Monday. The stock has a market capitalization of $131.22 million, a price-to-earnings ratio of -1.60 and a beta of -2.44. American Battery Technology has a twelve month low of $0.73 and a twelve month high of $4.11. The stock has a 50-day moving average of $1.17 and a 200 day moving average of $1.30.

American Battery Technology (NASDAQ:ABAT) last released its quarterly earnings results on Thursday, May 15th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.18).

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.