Short Interest in FREYR Battery, Inc. (NYSE:FREY) Declines By 9.3%

FREYR Battery, Inc. (NYSE:FREY) was the recipient of a significant decrease in short interest in September. As of September 30th, there was short interest totalling 11,790,000 shares, a decrease of 9.3% from the September 15th total of 13,000,000 shares. Based on an average daily trading volume, of 1,310,000 shares, the short-interest ratio is presently 9.0 days. Currently, 9.7% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in FREY. Victory Capital Management Inc. acquired a new position in FREYR Battery during the second quarter worth $26,000. Bayesian Capital Management LP purchased a new position in FREYR Battery during the first quarter worth about $33,000. SG Americas Securities LLC acquired a new stake in FREYR Battery in the 2nd quarter valued at approximately $38,000. WINTON GROUP Ltd acquired a new stake in shares of FREYR Battery in the second quarter valued at $56,000. Finally, American Century Companies Inc. acquired a new position in FREYR Battery in the 2nd quarter valued at about $61,000. 52.31% of the stock is owned by institutional investors and hedge funds.

FREYR Battery Stock Down 4.7 %

Shares of FREY stock traded down $0.05 during mid-day trading on Thursday, hitting $1.02. 535,006 shares of the stock were exchanged, compared to its average volume of 1,600,156. The company has a market cap of $142.50 million, a PE ratio of -1.65 and a beta of 0.73. The firm has a fifty day moving average of $1.10 and a 200 day moving average of $1.58. FREYR Battery has a 52-week low of $0.91 and a 52-week high of $4.34.

FREYR Battery (NYSE:FREY) last posted its quarterly earnings data on Friday, August 9th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.01). During the same quarter last year, the firm earned ($0.18) EPS.

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.