D. E. Shaw & Co. Inc. increased its stake in shares of FREYR Battery, Inc. (NYSE:FREY - Free Report) by 2,538.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,458,467 shares of the company's stock after buying an additional 1,403,183 shares during the quarter. D. E. Shaw & Co. Inc. owned about 1.04% of FREYR Battery worth $3,763,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Truist Financial Corp purchased a new stake in shares of FREYR Battery in the fourth quarter valued at about $26,000. Cibc World Markets Corp acquired a new position in FREYR Battery during the 4th quarter worth approximately $27,000. SBI Securities Co. Ltd. acquired a new position in FREYR Battery during the 4th quarter worth approximately $28,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of FREYR Battery during the 4th quarter worth approximately $31,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of FREYR Battery in the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 52.31% of the company's stock.
FREYR Battery Stock Down 6.4%
FREY stock traded down $0.07 on Thursday, reaching $1.02. 2,459,633 shares of the company's stock were exchanged, compared to its average volume of 2,486,911. The firm has a market cap of $143.30 million, a PE ratio of -1.34 and a beta of 0.94. FREYR Battery, Inc. has a twelve month low of $0.91 and a twelve month high of $3.36. The stock has a fifty day moving average of $1.27 and a 200-day moving average of $1.76.
About FREYR Battery
(
Free Report)
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.
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