Webs Creek Capital Management LP Invests $2.06 Million 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 fourth quarter, according to the company in its most recent filing with the SEC. The firm 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 biggest holding. Webs Creek Capital Management LP owned approximately 0.57% of FREYR Battery as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in FREY. Truist Financial Corp acquired a new position in shares of FREYR Battery in the fourth quarter valued at approximately $26,000. Cibc World Markets Corp acquired a new stake in shares of FREYR Battery during the fourth quarter worth $27,000. SBI Securities Co. Ltd. purchased a new stake in shares of FREYR Battery in the fourth quarter valued at $28,000. Dynamic Technology Lab Private Ltd purchased a new position in FREYR Battery during the fourth quarter worth about $31,000. Finally, Raymond James Financial Inc. purchased a new stake in FREYR Battery in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 52.31% of the company’s stock.

FREYR Battery Stock Performance

Shares of FREY stock opened at $1.14 on Thursday. FREYR Battery, Inc. has a one year low of $0.91 and a one year high of $3.36. The company has a 50 day moving average price of $1.39 and a 200 day moving average price of $1.73. The firm has a market capitalization of $160.16 million, a price-to-earnings ratio of -1.50 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.