American Battery Technology (NASDAQ:ABAT) Short Interest Update

American Battery Technology (NASDAQ:ABAT) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 6,800,000 shares, an increase of 43.8% from the September 15th total of 4,730,000 shares. Based on an average daily volume of 564,700 shares, the short-interest ratio is presently 12.0 days. Approximately 9.8% of the shares of the company are short sold.

American Battery Technology Trading Up 1.0 %

Shares of American Battery Technology stock opened at $1.01 on Monday. The firm has a fifty day simple moving average of $1.03 and a 200-day simple moving average of $1.20. The stock has a market capitalization of $74.04 million and a price-to-earnings ratio of -1.04. American Battery Technology has a 1-year low of $0.75 and a 1-year high of $7.89.

American Battery Technology (NASDAQ:ABAT) last released its quarterly earnings results on Monday, September 23rd. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.11). The business had revenue of $0.34 million for the quarter, compared to the consensus estimate of $5.00 million.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in American Battery Technology stock. Scarborough Advisors LLC acquired a new position in American Battery Technology (NASDAQ:ABAT) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 9,753 shares of the company’s stock, valued at approximately $46,000. Hedge funds and other institutional investors own 9.88% of the company’s stock.

About American Battery Technology

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.