ADS-TEC Energy PLC (NASDAQ:ADSE) Sees Large Growth in Short Interest

ADS-TEC Energy PLC (NASDAQ:ADSE) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 849,100 shares, a growth of 43.0% from the December 31st total of 593,900 shares. Based on an average daily volume of 105,800 shares, the days-to-cover ratio is currently 8.0 days. Currently, 3.7% of the company’s shares are short sold.

ADS-TEC Energy Trading Up 1.1 %

Shares of ADSE stock opened at $16.11 on Friday. ADS-TEC Energy has a fifty-two week low of $6.90 and a fifty-two week high of $16.35. The business’s 50 day moving average price is $14.61 and its 200-day moving average price is $13.57.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC boosted its stake in shares of ADS-TEC Energy by 15.0% during the 3rd quarter. Geode Capital Management LLC now owns 31,801 shares of the company’s stock valued at $425,000 after purchasing an additional 4,154 shares in the last quarter. GAMMA Investing LLC purchased a new stake in ADS-TEC Energy in the fourth quarter worth about $69,000. Finally, Mirabella Financial Services LLP boosted its position in ADS-TEC Energy by 10.9% during the 3rd quarter. Mirabella Financial Services LLP now owns 682,455 shares of the company’s stock valued at $9,131,000 after acquiring an additional 67,043 shares in the last quarter. 51.65% of the stock is owned by hedge funds and other institutional investors.

About ADS-TEC Energy

ADS-TEC Energy PLC provide intelligent and decentralized energy storage systems in Europe and North America. Its portfolio of ecosystem platforms provides DC-based ultra-fast chargers for EVs on power limited grids, energy storage and management solutions for commercial and industrial applications, and energy storage and management solutions for residential sector coupling applications.