Short Interest in American Battery Technology (NASDAQ:ABAT) Drops By 6.8%

American Battery Technology (NASDAQ:ABAT) saw a large drop in short interest in October. As of October 15th, there was short interest totalling 6,340,000 shares, a drop of 6.8% from the September 30th total of 6,800,000 shares. Approximately 9.1% of the company’s stock are short sold. Based on an average daily volume of 538,000 shares, the short-interest ratio is currently 11.8 days.

American Battery Technology Price Performance

Shares of American Battery Technology stock opened at $1.00 on Thursday. The firm has a market cap of $73.31 million and a price-to-earnings ratio of -1.03. The stock has a 50-day simple moving average of $1.02 and a 200-day simple moving average of $1.14. American Battery Technology has a 52-week low of $0.75 and a 52-week high of $6.45.

American Battery Technology (NASDAQ:ABAT) last posted its earnings results on Monday, September 23rd. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.11). The business had revenue of $0.34 million for the quarter, compared to analysts’ expectations of $5.00 million.

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.