T1 Energy Inc (NYSE:TE) Short Interest Update

T1 Energy Inc (NYSE:TE) was the target of a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 33,931,557 shares, an increase of 20.6% from the February 12th total of 28,133,628 shares. Approximately 19.0% of the company’s shares are sold short. Based on an average daily volume of 17,175,229 shares, the short-interest ratio is currently 2.0 days. Based on an average daily volume of 17,175,229 shares, the short-interest ratio is currently 2.0 days. Approximately 19.0% of the company’s shares are sold short.

T1 Energy Trading Up 1.0%

TE stock traded up $0.08 during trading on Tuesday, reaching $7.80. 8,476,475 shares of the stock traded hands, compared to its average volume of 19,762,053. The business’s 50 day moving average price is $7.48 and its 200-day moving average price is $5.13. T1 Energy has a 52-week low of $0.92 and a 52-week high of $9.78. The company has a debt-to-equity ratio of 5.87, a current ratio of 1.13 and a quick ratio of 0.72. The firm has a market capitalization of $1.66 billion, a PE ratio of -2.06 and a beta of 1.66.

Institutional Trading of T1 Energy

A number of institutional investors have recently modified their holdings of TE. Kim LLC acquired a new position in T1 Energy during the fourth quarter valued at approximately $8,684,000. Inscription Capital LLC acquired a new stake in shares of T1 Energy in the fourth quarter worth $191,000. NBC Securities Inc. acquired a new stake in shares of T1 Energy in the fourth quarter worth $28,000. Focused Wealth Management Inc purchased a new position in shares of T1 Energy in the 4th quarter valued at $180,000. Finally, Round Rock Advisors LLC purchased a new position in shares of T1 Energy in the 4th quarter valued at $1,199,000. Hedge funds and other institutional investors own 52.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on TE shares. Roth Mkm reiterated a “buy” rating on shares of T1 Energy in a research report on Tuesday, December 23rd. Zacks Research raised shares of T1 Energy to a “hold” rating in a research note on Tuesday, November 25th. iA Financial set a $8.50 target price on shares of T1 Energy in a research report on Tuesday, December 9th. Johnson Rice upgraded shares of T1 Energy to a “strong-buy” rating in a report on Tuesday, December 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating on shares of T1 Energy in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, T1 Energy has an average rating of “Moderate Buy” and a consensus target price of $7.50.

About T1 Energy

T1 Energy Inc is an energy solutions provider building an integrated supply chain for solar and batteries. T1 Energy Inc , formerly known as FREYR Battery, is based in NEW YORK.