FREYR Battery, Inc. (NYSE:FREY) Short Interest Up 11.3% in November

FREYR Battery, Inc. (NYSE:FREY) saw a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 13,370,000 shares, a growth of 11.3% from the November 15th total of 12,010,000 shares. Approximately 11.0% of the company’s stock are short sold. Based on an average daily trading volume, of 3,120,000 shares, the short-interest ratio is currently 4.3 days.

Insider Buying and Selling at FREYR Battery

In related news, Director Tore Ivar Slettemoen sold 228,600 shares of FREYR Battery stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $1.73, for a total value of $395,478.00. Following the completion of the sale, the director now owns 7,351,846 shares of the company’s stock, valued at approximately $12,718,693.58. The trade was a 3.02 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 20.40% of the company’s stock.

Institutional Investors Weigh In On FREYR Battery

A number of institutional investors have recently added to or reduced their stakes in the stock. State Street Corp raised its stake in FREYR Battery by 24.4% during the third quarter. State Street Corp now owns 1,567,499 shares of the company’s stock worth $1,521,000 after acquiring an additional 307,426 shares in the last quarter. Jennison Associates LLC increased its position in shares of FREYR Battery by 0.7% during the 3rd quarter. Jennison Associates LLC now owns 1,327,877 shares of the company’s stock worth $1,288,000 after purchasing an additional 9,667 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in FREYR Battery by 45.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,026,774 shares of the company’s stock valued at $996,000 after purchasing an additional 320,217 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in FREYR Battery in the second quarter valued at about $676,000. Finally, Bank of New York Mellon Corp bought a new stake in FREYR Battery during the second quarter worth about $571,000. 52.31% of the stock is owned by institutional investors and hedge funds.

FREYR Battery Trading Up 3.0 %

Shares of FREYR Battery stock opened at $1.71 on Friday. The firm has a fifty day simple moving average of $1.59 and a 200-day simple moving average of $1.53. The stock has a market capitalization of $240.24 million, a price-to-earnings ratio of -2.25 and a beta of 1.03. FREYR Battery has a 1-year low of $0.91 and a 1-year high of $2.85.

FREYR Battery (NYSE:FREY) last released its earnings results on Wednesday, November 6th. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.18) by ($0.02). During the same quarter in the previous year, the business posted ($0.07) EPS.

FREYR Battery Company 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.