DRW Securities LLC Acquires Shares of 29,800 FREYR Battery, Inc. (NYSE:FREY)

DRW Securities LLC bought a new position in shares of FREYR Battery, Inc. (NYSE:FREY) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 29,800 shares of the company’s stock, valued at approximately $29,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in FREY. Bayesian Capital Management LP acquired a new position in FREYR Battery during the first quarter worth $33,000. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new position in shares of FREYR Battery during the 2nd quarter worth about $676,000. SG Americas Securities LLC acquired a new stake in FREYR Battery in the 2nd quarter worth about $38,000. Susquehanna Fundamental Investments LLC purchased a new stake in FREYR Battery during the 2nd quarter worth approximately $218,000. Finally, Cetera Advisors LLC acquired a new position in shares of FREYR Battery during the first quarter valued at approximately $73,000. Hedge funds and other institutional investors own 52.31% of the company’s stock.

FREYR Battery Price Performance

Shares of NYSE:FREY opened at $2.15 on Thursday. FREYR Battery, Inc. has a 1 year low of $0.91 and a 1 year high of $2.85. The firm has a market capitalization of $302.05 million, a PE ratio of -2.84 and a beta of 0.72. The business’s 50 day moving average price is $1.38 and its 200-day moving average price is $1.55.

FREYR Battery (NYSE:FREY) last announced its earnings results on Wednesday, November 6th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.02). During the same period in the prior year, the business earned ($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.