Short Interest in Advent Technologies Holdings, Inc. (NASDAQ:ADN) Declines By 10.5%

Advent Technologies Holdings, Inc. (NASDAQ:ADN) was the recipient of a significant decrease in short interest during the month of June. As of June 15th, there was short interest totalling 71,300 shares, a decrease of 10.5% from the May 31st total of 79,700 shares. Approximately 3.3% of the company’s shares are short sold. Based on an average daily volume of 35,300 shares, the short-interest ratio is presently 2.0 days.

Advent Technologies Stock Down 1.0 %

Advent Technologies stock opened at $3.02 on Tuesday. Advent Technologies has a 52-week low of $2.70 and a 52-week high of $30.00. The firm has a fifty day moving average of $28.95 and a 200-day moving average of $13.90. The firm has a market capitalization of $6.28 million, a P/E ratio of -0.06 and a beta of 0.17.

Institutional Investors Weigh In On Advent Technologies

An institutional investor recently bought a new position in Advent Technologies stock. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Advent Technologies Holdings, Inc. (NASDAQ:ADN) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 355,687 shares of the company’s stock, valued at approximately $64,000. Mirae Asset Global Investments Co. Ltd. owned about 0.57% of Advent Technologies at the end of the most recent reporting period. Hedge funds and other institutional investors own 17.52% of the company’s stock.

Advent Technologies Company Profile

Advent Technologies Holdings, Inc, an advanced materials and technology development company, operates in the fuel cell and hydrogen technology markets in North America, Europe, and Asia. It develops, manufactures, and assembles fuel cell systems and critical components that determine the performance of hydrogen fuel cells and other energy systems.