Webs Creek Capital Management LP Acquires Shares of 800,000 FREYR Battery, Inc. (NYSE:FREY)

Webs Creek Capital Management LP acquired a new stake in shares of FREYR Battery, Inc. (NYSE:FREY - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 800,000 shares of the company's stock, valued at approximately $2,064,000. FREYR Battery accounts for about 0.5% of Webs Creek Capital Management LP's holdings, making the stock its 14th largest holding. Webs Creek Capital Management LP owned 0.57% of FREYR Battery as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Truist Financial Corp purchased a new position in FREYR Battery during the fourth quarter worth approximately $26,000. Cibc World Markets Corp purchased a new position in FREYR Battery in the fourth quarter valued at about $27,000. SBI Securities Co. Ltd. purchased a new stake in shares of FREYR Battery in the fourth quarter worth about $28,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of FREYR Battery in the fourth quarter worth about $31,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of FREYR Battery in the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 52.31% of the company's stock.

FREYR Battery Stock Up 2.4 %

Shares of NYSE FREY traded up $0.03 on Tuesday, hitting $1.26. The company had a trading volume of 825,600 shares, compared to its average volume of 2,379,314. FREYR Battery, Inc. has a 12-month low of $0.91 and a 12-month high of $3.36. The business has a 50 day moving average of $1.34 and a two-hundred day moving average of $1.74. The firm has a market capitalization of $177.02 million, a P/E ratio of -1.66 and a beta of 0.94.

FREYR Battery 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.