ADS-TEC Energy PLC (NASDAQ:ADSE) Short Interest Update

ADS-TEC Energy PLC (NASDAQ:ADSE) saw a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 128,000 shares, an increase of 36.9% from the September 15th total of 93,500 shares. Based on an average daily volume of 87,400 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.6% of the company’s shares are short sold.

ADS-TEC Energy Stock Performance

NASDAQ:ADSE opened at $13.25 on Monday. The stock’s fifty day simple moving average is $12.64 and its 200-day simple moving average is $11.80. ADS-TEC Energy has a 12-month low of $5.90 and a 12-month high of $13.60.

Hedge Funds Weigh In On ADS-TEC Energy

An institutional investor recently bought a new position in ADS-TEC Energy stock. Crewe Advisors LLC acquired a new stake in shares of ADS-TEC Energy PLC (NASDAQ:ADSE) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 14,200 shares of the company’s stock, valued at approximately $149,000. Hedge funds and other institutional investors own 51.65% of the company’s stock.

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.