Short Interest in American Battery Technology (NASDAQ:ABAT) Increases By 6.5%

American Battery Technology (NASDAQ:ABAT) saw a significant increase in short interest in March. As of March 31st, there was short interest totalling 4,580,000 shares, an increase of 6.5% from the March 15th total of 4,300,000 shares. Currently, 8.6% of the company’s stock are short sold. Based on an average trading volume of 779,200 shares, the short-interest ratio is presently 5.9 days.

American Battery Technology Trading Down 6.8 %

NASDAQ:ABAT opened at $1.50 on Wednesday. American Battery Technology has a 12 month low of $1.49 and a 12 month high of $14.10. The firm has a fifty day simple moving average of $1.99 and a 200-day simple moving average of $3.71.

American Battery Technology (NASDAQ:ABAT) last posted its quarterly earnings data on Wednesday, February 14th. The company reported ($0.19) EPS for the quarter.

Wall Street Analyst Weigh In

Separately, Northland Securities began coverage on shares of American Battery Technology in a research note on Wednesday, March 27th. They issued an “outperform” rating and a $6.00 target price for the company.

Institutional Investors Weigh In On American Battery Technology

Several institutional investors and hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. acquired a new stake in shares of American Battery Technology during the third quarter worth $29,000. Scarborough Advisors LLC purchased a new position in shares of American Battery Technology during the fourth quarter worth $46,000. Brighton Jones LLC purchased a new position in shares of American Battery Technology during the fourth quarter worth $47,000. LPL Financial LLC purchased a new position in shares of American Battery Technology during the third quarter worth $95,000. Finally, Townsquare Capital LLC purchased a new position in shares of American Battery Technology during the third quarter worth $135,000. 9.88% of the stock is currently owned by institutional investors and hedge funds.

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.