Advent Technologies Holdings, Inc. (NASDAQ:ADN) Sees Large Growth in Short Interest

Advent Technologies Holdings, Inc. (NASDAQ:ADN) was the recipient of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 145,900 shares, a growth of 177.9% from the October 31st total of 52,500 shares. Currently, 6.7% of the company’s stock are sold short. Based on an average daily trading volume, of 1,170,000 shares, the short-interest ratio is currently 0.1 days.

Advent Technologies Stock Down 7.7 %

Shares of NASDAQ:ADN opened at $4.90 on Friday. The firm has a market cap of $12.94 million, a price-to-earnings ratio of -0.19 and a beta of 0.11. Advent Technologies has a 12 month low of $1.71 and a 12 month high of $12.90. The company’s fifty day simple moving average is $3.35 and its 200 day simple moving average is $12.20.

Advent Technologies (NASDAQ:ADN) last released its quarterly earnings results on Tuesday, October 15th. The company reported ($4.28) earnings per share (EPS) for the quarter. The firm had revenue of $0.81 million during the quarter. Advent Technologies had a negative net margin of 828.45% and a negative return on equity of 442.47%.

About Advent Technologies

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.