D. E. Shaw & Co. Inc. grew its holdings 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 filing with the Securities & Exchange Commission. The institutional investor owned 1,458,467 shares of the company's stock after purchasing an additional 1,403,183 shares during the period. D. E. Shaw & Co. Inc. owned about 1.04% of FREYR Battery worth $3,763,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Long Focus Capital Management LLC lifted its stake in FREYR Battery by 27.0% during the fourth quarter. Long Focus Capital Management LLC now owns 5,650,000 shares of the company's stock worth $14,577,000 after purchasing an additional 1,200,950 shares during the last quarter. Webs Creek Capital Management LP bought a new stake in FREYR Battery during the fourth quarter worth $2,064,000. Invesco Ltd. boosted its position in FREYR Battery by 48.5% in the fourth quarter. Invesco Ltd. now owns 2,144,187 shares of the company's stock valued at $5,532,000 after buying an additional 700,469 shares in the last quarter. Renaissance Technologies LLC boosted its position in FREYR Battery by 1,883.2% in the fourth quarter. Renaissance Technologies LLC now owns 592,986 shares of the company's stock valued at $1,530,000 after buying an additional 563,086 shares in the last quarter. Finally, CenterBook Partners LP acquired a new stake in FREYR Battery in the fourth quarter valued at approximately $640,000. Institutional investors and hedge funds own 52.31% of the company's stock.
FREYR Battery Trading Up 8.2%
FREYR Battery stock traded up $0.08 during mid-day trading on Friday, reaching $1.05. The company had a trading volume of 1,216,547 shares, compared to its average volume of 2,426,770. FREYR Battery, Inc. has a fifty-two week low of $0.91 and a fifty-two week high of $3.36. The company has a market cap of $147.51 million, a P/E ratio of -1.38 and a beta of 0.94. The business has a fifty day simple moving average of $1.24 and a 200 day simple 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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