Short Interest in T1 Energy Inc (NYSE:TE) Grows By 20.6%

T1 Energy Inc (NYSE:TE) was the recipient of a large growth in short interest in February. As of February 27th, there was short interest totaling 33,931,557 shares, a growth of 20.6% from the February 12th total of 28,133,628 shares. Based on an average trading volume of 17,175,229 shares, the days-to-cover ratio is presently 2.0 days. Currently, 19.0% of the company’s stock are short sold. Currently, 19.0% of the company’s stock are short sold. Based on an average trading volume of 17,175,229 shares, the days-to-cover ratio is presently 2.0 days.

Institutional Trading of T1 Energy

Several hedge funds and other institutional investors have recently made changes to their positions in the company. NBC Securities Inc. purchased a new stake in T1 Energy during the fourth quarter worth about $28,000. First PREMIER Bank purchased a new position in T1 Energy in the fourth quarter valued at about $30,000. Strs Ohio acquired a new stake in shares of T1 Energy during the 4th quarter valued at approximately $32,000. Russell Investments Group Ltd. acquired a new stake in shares of T1 Energy during the 4th quarter valued at approximately $63,000. Finally, Elevatus Welath Management purchased a new stake in shares of T1 Energy during the 4th quarter worth approximately $67,000. Hedge funds and other institutional investors own 52.31% of the company’s stock.

T1 Energy Stock Performance

Shares of NYSE TE traded up $0.08 during mid-day trading on Tuesday, hitting $7.80. 8,476,475 shares of the company were exchanged, compared to its average volume of 14,835,394. The stock has a 50 day simple moving average of $7.47 and a 200-day simple moving average of $5.17. T1 Energy has a 1-year low of $0.92 and a 1-year high of $9.78. The company has a quick ratio of 0.72, a current ratio of 1.13 and a debt-to-equity ratio of 5.87. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of -2.06 and a beta of 1.66.

Analyst Ratings Changes

Several equities analysts have issued reports on TE shares. Johnson Rice upgraded shares of T1 Energy to a “strong-buy” rating in a research note on Tuesday, December 2nd. Roth Mkm reiterated a “buy” rating on shares of T1 Energy in a research report on Tuesday, December 23rd. Needham & Company LLC reissued a “buy” rating on shares of T1 Energy in a report on Thursday, December 11th. iA Financial set a $8.50 target price on T1 Energy in a research report on Tuesday, December 9th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of T1 Energy in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $7.50.

T1 Energy Company Profile

T1 Energy Inc is an energy solutions provider building an integrated supply chain for solar and batteries. T1 Energy Inc , formerly known as FREYR Battery, is based in NEW YORK.