FREYR Battery, Inc. (NYSE:FREY) Shares Sold by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC cut its holdings in shares of FREYR Battery, Inc. (NYSE:FREY) by 82.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,850 shares of the company’s stock after selling 308,925 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in FREYR Battery were worth $121,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. acquired a new position in FREYR Battery in the 3rd quarter valued at about $61,000. Commonwealth Equity Services LLC acquired a new stake in FREYR Battery during the third quarter worth $86,000. Cambridge Investment Research Advisors Inc. raised its position in FREYR Battery by 54.8% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 17,973 shares of the company’s stock valued at $88,000 after purchasing an additional 6,360 shares during the period. BSW Wealth Partners acquired a new position in shares of FREYR Battery in the 4th quarter valued at $34,000. Finally, Summit Trail Advisors LLC purchased a new position in shares of FREYR Battery during the 3rd quarter worth $98,000. Hedge funds and other institutional investors own 52.31% of the company’s stock.

FREYR Battery Trading Up 10.1 %

Shares of FREY opened at $1.85 on Thursday. The firm has a market cap of $258.46 million, a P/E ratio of -3.63 and a beta of 0.70. The company’s 50-day moving average price is $1.69 and its 200 day moving average price is $1.84. FREYR Battery, Inc. has a 12-month low of $1.21 and a 12-month high of $10.10.

FREYR Battery (NYSE:FREY) last posted its quarterly earnings data on Thursday, February 29th. The company reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.08.

FREYR Battery 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.