Li-Cycle Holdings Corp. (NYSE:LICY) Short Interest Update

Li-Cycle Holdings Corp. (NYSE:LICYGet Free Report) was the target of a large decrease in short interest during the month of October. As of October 15th, there was short interest totalling 1,250,000 shares, a decrease of 7.4% from the September 30th total of 1,350,000 shares. Approximately 7.9% of the company’s stock are sold short. Based on an average trading volume of 526,100 shares, the days-to-cover ratio is currently 2.4 days.

Li-Cycle Stock Performance

Shares of Li-Cycle stock traded up $0.44 on Thursday, hitting $2.49. The stock had a trading volume of 2,439,659 shares, compared to its average volume of 684,859. Li-Cycle has a 52-week low of $1.22 and a 52-week high of $18.88. The company has a current ratio of 0.75, a quick ratio of 0.68 and a debt-to-equity ratio of 1.81. The stock has a market cap of $56.03 million, a price-to-earnings ratio of -0.25 and a beta of 1.54. The company’s 50 day moving average price is $1.94 and its 200 day moving average price is $3.52.

Li-Cycle (NYSE:LICYGet Free Report) last posted its earnings results on Thursday, August 8th. The company reported ($0.36) earnings per share for the quarter. Li-Cycle had a negative net margin of 878.90% and a negative return on equity of 42.36%. The firm had revenue of $8.40 million during the quarter, compared to analysts’ expectations of $4.28 million.

Institutional Trading of Li-Cycle

Several institutional investors and hedge funds have recently added to or reduced their stakes in LICY. B. Riley Wealth Advisors Inc. purchased a new stake in Li-Cycle during the 1st quarter valued at approximately $103,000. Allspring Global Investments Holdings LLC raised its stake in Li-Cycle by 55,310.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 79,237 shares of the company’s stock valued at $82,000 after acquiring an additional 79,094 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Li-Cycle during the 1st quarter valued at approximately $56,000. Bleakley Financial Group LLC purchased a new stake in Li-Cycle during the 1st quarter valued at approximately $45,000. Finally, Catalina Capital Group LLC purchased a new stake in Li-Cycle during the 1st quarter valued at approximately $40,000. 54.12% of the stock is owned by hedge funds and other institutional investors.

Li-Cycle Company Profile

(Get Free Report)

Li-Cycle Holdings Corp. engages in the lithium-ion battery resource recovery and lithium-ion battery recycling business in North America. The company offers a mix of cathode and anode battery materials, including lithium, nickel, and cobalt, as well as graphite, copper, and aluminum; and copper and aluminum metals.

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