ADS-TEC Energy PLC (NASDAQ:ADSE) Short Interest Up 6.7% in November

ADS-TEC Energy PLC (NASDAQ:ADSE) was the recipient of a significant growth in short interest in November. As of November 15th, there was short interest totalling 557,800 shares, a growth of 6.7% from the October 31st total of 522,700 shares. Currently, 2.4% of the company’s stock are sold short. Based on an average daily trading volume, of 106,100 shares, the days-to-cover ratio is presently 5.3 days.

Institutional Trading of ADS-TEC Energy

A hedge fund recently raised its stake in ADS-TEC Energy stock. Mirabella Financial Services LLP raised its position in shares of ADS-TEC Energy PLC (NASDAQ:ADSE) by 10.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 682,455 shares of the company’s stock after buying an additional 67,043 shares during the quarter. Mirabella Financial Services LLP owned about 1.35% of ADS-TEC Energy worth $9,131,000 at the end of the most recent quarter. Institutional investors own 51.65% of the company’s stock.

ADS-TEC Energy Stock Performance

Shares of NASDAQ ADSE opened at $13.27 on Thursday. The stock’s 50 day moving average price is $13.70 and its two-hundred day moving average price is $12.62. ADS-TEC Energy has a 52-week low of $6.10 and a 52-week high of $15.01.

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.