Webs Creek Capital Management LP Purchases New Stake in FREYR Battery, Inc. (NYSE:FREY)

Webs Creek Capital Management LP acquired a new position in shares of FREYR Battery, Inc. (NYSE:FREY) in the 4th quarter, HoldingsChannel reports. The fund acquired 800,000 shares of the company’s stock, valued at approximately $2,064,000. FREYR Battery makes up 0.5% of Webs Creek Capital Management LP’s investment portfolio, making the stock its 14th largest position.

Several other large investors also recently made changes to their positions in the business. Truist Financial Corp purchased a new stake in FREYR Battery during the 4th quarter worth $26,000. Cibc World Markets Corp acquired a new position in shares of FREYR Battery during the fourth quarter worth 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 acquired a new stake in shares of FREYR Battery in the fourth quarter valued at about $31,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of FREYR Battery during the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 52.31% of the company’s stock.

FREYR Battery Stock Up 10.7 %

NYSE FREY opened at $1.14 on Thursday. FREYR Battery, Inc. has a fifty-two week low of $0.91 and a fifty-two week high of $3.36. The business has a 50 day moving average price of $1.39 and a two-hundred day moving average price of $1.73. The stock has a market cap of $160.16 million, a PE ratio of -1.50 and a beta of 0.94.

About FREYR Battery

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.