Short Interest in Electra Battery Materials Co. (NASDAQ:ELBM) Declines By 41.4%

Electra Battery Materials Co. (NASDAQ:ELBM) saw a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 215,800 shares, a decline of 41.4% from the February 29th total of 368,300 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 223,200 shares, the short-interest ratio is presently 1.0 days.

Electra Battery Materials Price Performance

Shares of ELBM remained flat at $0.45 during trading hours on Thursday. 42,616 shares of the company were exchanged, compared to its average volume of 213,314. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.03. Electra Battery Materials has a 1-year low of $0.31 and a 1-year high of $2.66. The company’s 50 day moving average is $0.49 and its 200-day moving average is $0.49.

Institutional Trading of Electra Battery Materials

A number of large investors have recently made changes to their positions in ELBM. UBS Group AG bought a new stake in shares of Electra Battery Materials in the 2nd quarter valued at $461,000. Northern Trust Corp bought a new stake in shares of Electra Battery Materials in the 2nd quarter valued at $114,000. Virtu Financial LLC bought a new stake in shares of Electra Battery Materials in the 2nd quarter valued at $47,000. Advisor Group Holdings Inc. increased its position in shares of Electra Battery Materials by 138.9% in the 4th quarter. Advisor Group Holdings Inc. now owns 248,480 shares of the company’s stock valued at $413,000 after buying an additional 144,480 shares in the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in shares of Electra Battery Materials in the 4th quarter valued at $202,000. Institutional investors own 32.90% of the company’s stock.

Electra Battery Materials Company Profile

Electra Battery Materials Corporation engages in the acquisition and exploration of resource properties in the United States and Canada. It primarily explores for cobalt and silver deposits. The company's flagship project is the Iron Creek cobalt-copper project located in Lemhi County, Idaho. It also operates a cobalt refinery for producing battery materials for the electric vehicle supply chain.