FREYR Battery, Inc. (NYSE:FREY) Sees Significant Increase in Short Interest

FREYR Battery, Inc. (NYSE:FREY) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 8,330,000 shares, an increase of 8.9% from the March 31st total of 7,650,000 shares. Based on an average daily trading volume, of 1,570,000 shares, the short-interest ratio is presently 5.3 days. Approximately 6.8% of the shares of the stock are short sold.

Hedge Funds Weigh In On FREYR Battery

A number of institutional investors and hedge funds have recently bought and sold shares of FREY. Capstone Investment Advisors LLC acquired a new position in FREYR Battery during the fourth quarter worth $28,000. BSW Wealth Partners purchased a new position in shares of FREYR Battery during the 4th quarter worth $34,000. Exchange Traded Concepts LLC acquired a new position in shares of FREYR Battery during the 3rd quarter valued at about $41,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of FREYR Battery during the 3rd quarter valued at about $61,000. Finally, Commonwealth Equity Services LLC purchased a new stake in shares of FREYR Battery in the third quarter valued at about $86,000. 52.31% of the stock is currently owned by institutional investors and hedge funds.

FREYR Battery Stock Performance

Shares of NYSE:FREY traded down $0.09 during trading on Tuesday, reaching $1.66. The stock had a trading volume of 930,470 shares, compared to its average volume of 1,606,564. 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 $1.93.

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

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.