Squarepoint Ops LLC Makes New Investment in American Battery Technology (NASDAQ:ABAT)

Squarepoint Ops LLC acquired a new stake in shares of American Battery Technology (NASDAQ:ABAT) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,088 shares of the company’s stock, valued at approximately $32,000.

Other institutional investors have also recently made changes to their positions in the company. Corient Private Wealth LLC bought a new position in shares of American Battery Technology during the fourth quarter valued at approximately $25,000. Schonfeld Strategic Advisors LLC bought a new position in shares of American Battery Technology during the fourth quarter valued at approximately $43,000. Raymond James Financial Inc. bought a new position in shares of American Battery Technology during the fourth quarter valued at approximately $56,000. Tower Research Capital LLC TRC raised its holdings 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 in the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its holdings 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 in the last quarter. Hedge funds and other institutional investors own 9.88% of the company’s stock.

American Battery Technology Trading Down 4.8%

ABAT opened at $1.38 on Wednesday. The stock has a fifty day simple moving average of $1.29 and a two-hundred day simple moving average of $1.35. The company has a market cap of $126.80 million, a price-to-earnings ratio of -1.42 and a beta of -2.61. American Battery Technology has a 12-month low of $0.73 and a 12-month high of $4.11.

American Battery Technology (NASDAQ:ABAT) last issued its quarterly earnings results on Thursday, May 15th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.18).

About American Battery Technology

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.