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Nuveen Asset Management LLC Lowers Position in FREYR Battery, Inc. (NYSE:FREY)

FREYR Battery logo with Energy background

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

Several other institutional investors have also added to or reduced their stakes in FREY. Long Focus Capital Management LLC increased its stake in FREYR Battery by 27.0% in the 4th quarter. Long Focus Capital Management LLC now owns 5,650,000 shares of the company's stock worth $14,577,000 after buying an additional 1,200,950 shares during the period. Invesco Ltd. boosted its position in FREYR Battery by 48.5% in the 4th 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 during the period. D. E. Shaw & Co. Inc. grew its stake in 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 worth $3,763,000 after acquiring an additional 1,403,183 shares in the last quarter. Geode Capital Management LLC increased its position in shares of FREYR Battery by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 1,363,260 shares of the company's stock worth $3,517,000 after acquiring an additional 21,232 shares during the period. Finally, Franklin Resources Inc. increased its position in shares of FREYR Battery by 4.8% during the fourth quarter. Franklin Resources Inc. now owns 959,500 shares of the company's stock worth $2,476,000 after acquiring an additional 43,800 shares during the period. Institutional investors own 52.31% of the company's stock.

FREYR Battery Trading Down 5.3%

Shares of NYSE FREY traded down $0.06 during trading hours on Friday, reaching $1.07. The stock had a trading volume of 859,379 shares, compared to its average volume of 2,444,287. FREYR Battery, Inc. has a 52-week low of $0.91 and a 52-week high of $3.36. The firm has a market cap of $150.32 million, a price-to-earnings ratio of -1.41 and a beta of 0.94. The business's fifty day moving average price is $1.17 and its two-hundred day moving average price is $1.70.

FREYR Battery Profile

(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.

See Also

Institutional Ownership by Quarter for FREYR Battery (NYSE:FREY)

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