Nuveen Asset Management LLC Sells 778,139 Shares of FREYR Battery, Inc. (NYSE:FREY)

Nuveen Asset Management LLC lowered its stake in shares of FREYR Battery, Inc. (NYSE:FREY - Free Report) by 64.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 436,497 shares of the company's stock after selling 778,139 shares during the quarter. Nuveen Asset Management LLC owned about 0.31% of FREYR Battery worth $1,126,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Millennium Management LLC raised its holdings in FREYR Battery by 21.7% during the 4th quarter. Millennium Management LLC now owns 141,866 shares of the company's stock worth $366,000 after purchasing an additional 25,300 shares during the last quarter. D. E. Shaw & Co. Inc. grew its position in shares of FREYR Battery by 2,538.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,458,467 shares of the company's stock valued at $3,763,000 after purchasing an additional 1,403,183 shares during the period. Cetera Investment Advisers boosted its position in FREYR Battery by 65.4% during the 4th quarter. Cetera Investment Advisers now owns 73,552 shares of the company's stock worth $190,000 after acquiring an additional 29,080 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of FREYR Battery by 2.0% in the 4th quarter. Northern Trust Corp now owns 701,547 shares of the company's stock valued at $1,810,000 after buying an additional 13,580 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of FREYR Battery in the 4th quarter valued at approximately $100,000. Institutional investors and hedge funds own 52.31% of the company's stock.

FREYR Battery Trading Up 12.1%

FREY stock traded up $0.13 during trading hours on Friday, hitting $1.20. 1,254,335 shares of the stock were exchanged, compared to its average volume of 2,453,515. The firm has a market capitalization of $168.59 million, a P/E ratio of -1.58 and a beta of 0.94. FREYR Battery, Inc. has a 12 month low of $0.91 and a 12 month high of $3.36. The company has a 50-day simple moving average of $1.17 and a two-hundred day simple moving average of $1.68.

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.