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American Battery Technology Company (ABAT) rating initates by Northland Capital

American Battery Technology Company’s filing revealed that its Chief Resource Officer JOLCOVER SCOTT unloaded Company’s shares for reported $18500.0 on Nov 19 ’24. In the deal valued at $0.80 per share,23,125 shares were sold. As a result of this transaction, JOLCOVER SCOTT now holds 219,001 shares worth roughly $0.2 million.

Northland Capital initiated its American Battery Technology Company [ABAT] rating to an Outperform in a research note published on March 27, 2024; the price target was $6.

Price Performance Review of ABAT

On Tuesday, American Battery Technology Company [NASDAQ:ABAT] saw its stock fall -6.21% to $0.92. Over the last five days, the stock has lost -9.43%. American Battery Technology Company shares have fallen nearly -62.45% since the year began. Nevertheless, the stocks have fallen -47.51% over the past one year. While a 52-week high of $4.11 was reached on 01/06/25, a 52-week low of $0.73 was recorded on 04/07/25. SMA at 50 days reached $1.1244, while 200 days put it at $1.1615.

Levels Of Support And Resistance For ABAT Stock

The 24-hour chart illustrates a support level at 0.8792, which if violated will result in even more drops to 0.8346. On the upside, there is a resistance level at 0.9992. A further resistance level may holdings at 1.0746. The Relative Strength Index (RSI) on the 14-day chart is 40.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0645, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.28%. Stochastics %K at 21.89% indicates the stock is a holding.

How much short interest is there in American Battery Technology Company?

A steep rise in short interest was recorded in American Battery Technology Company stocks on 2025-03-14, dropping by -0.33 million shares to a total of 6.22 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 6.55 million shares. There was a decline of -5.27%, which implies that there is a negative sentiment for the stock.

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