ADS-TEC Energy PLC (NASDAQ:ADSE) Short Interest Down 18.0% in June

ADS-TEC Energy PLC (NASDAQ:ADSE) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totalling 53,000 shares, a decrease of 18.0% from the June 15th total of 64,600 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 50,200 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Investors Weigh In On ADS-TEC Energy

A hedge fund recently bought a new stake in ADS-TEC Energy stock. Crewe Advisors LLC acquired a new stake in ADS-TEC Energy PLC (NASDAQ:ADSE) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 14,200 shares of the company’s stock, valued at approximately $149,000. 51.65% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm reiterated a “neutral” rating and set a $14.00 price objective on shares of ADS-TEC Energy in a research note on Wednesday, May 15th.

ADS-TEC Energy Trading Down 1.3 %

ADS-TEC Energy stock opened at $12.32 on Monday. The business’s 50-day simple moving average is $11.37 and its two-hundred day simple moving average is $10.00. ADS-TEC Energy has a fifty-two week low of $5.34 and a fifty-two week high of $13.50.

ADS-TEC Energy Company Profile

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.