Soviero Asset Management LP Takes Position in American Battery Technology (NASDAQ:ABAT)

Soviero Asset Management LP acquired a new stake in American Battery Technology (NASDAQ:ABAT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 680,000 shares of the company's stock, valued at approximately $1,673,000. Soviero Asset Management LP owned approximately 0.83% of American Battery Technology at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in shares of American Battery Technology during the fourth quarter valued at $56,000. Tower Research Capital LLC TRC boosted its stake in shares of American Battery Technology by 753.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 29,773 shares of the company's stock valued at $73,000 after acquiring an additional 26,286 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in shares of American Battery Technology by 154.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 30,500 shares of the company's stock valued at $75,000 after acquiring an additional 18,500 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of American Battery Technology by 25.0% during the fourth quarter. Geode Capital Management LLC now owns 806,152 shares of the company's stock valued at $1,984,000 after acquiring an additional 161,089 shares during the last quarter. Finally, BIT Capital GmbH acquired a new stake in shares of American Battery Technology during the fourth quarter valued at $79,000. 9.88% of the stock is owned by hedge funds and other institutional investors.

American Battery Technology Stock Up 2.3%

Shares of ABAT traded up $0.03 during trading hours on Friday, reaching $1.32. 823,174 shares of the company traded hands, compared to its average volume of 1,988,937. The stock has a market capitalization of $111.75 million, a PE ratio of -1.36 and a beta of -2.44. American Battery Technology has a fifty-two week low of $0.73 and a fifty-two week high of $4.11. The stock has a fifty day simple moving average of $1.20 and a 200 day simple moving average of $1.30.

American Battery Technology (NASDAQ:ABAT - Get Free Report) last announced its quarterly earnings data on Thursday, May 15th. The company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.18).

American Battery Technology Profile

American Battery Technology Company operates as a battery materials company. The company explores for resources of battery metals, such as such as lithium, nickel, cobalt, and manganese; and develops and commercializes technologies for the extraction of battery metals, as well as commercializes integrated process for the recycling of lithium-ion batteries.