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

FREYR Battery, Inc. (NYSE:FREY) was the recipient of a large 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. Approximately 6.8% of the shares of the company are short sold. Based on an average daily trading volume, of 1,570,000 shares, the short-interest ratio is presently 5.3 days.

FREYR Battery Price Performance

Shares of NYSE FREY opened at $1.68 on Thursday. FREYR Battery has a one year low of $1.21 and a one year high of $10.10. The business’s fifty day moving average price is $1.68 and its 200-day moving average price is $1.91. The stock has a market capitalization of $234.70 million, a PE ratio of -3.29 and a beta of 0.71.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Exchange Traded Concepts LLC bought a new stake in shares of FREYR Battery during the 3rd quarter valued at $41,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of FREYR Battery during the 3rd quarter valued at $61,000. Capstone Investment Advisors LLC bought a new stake in shares of FREYR Battery during the 4th quarter valued at $28,000. Commonwealth Equity Services LLC bought a new stake in shares of FREYR Battery during the 3rd quarter valued at $86,000. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of FREYR Battery by 54.8% during the 3rd 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. Hedge funds and other institutional investors own 52.31% of the company’s stock.

About FREYR Battery

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.