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

ADS-TEC Energy PLC (NASDAQ:ADSE) was the target of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 146,800 shares, a drop of 13.0% from the March 31st total of 168,700 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average trading volume of 76,500 shares, the short-interest ratio is currently 1.9 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ADS-TEC Energy stock. Raymond James & Associates raised its stake in ADS-TEC Energy PLC (NASDAQ:ADSE) by 22.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 286,090 shares of the company’s stock after purchasing an additional 51,536 shares during the quarter. Raymond James & Associates owned about 0.58% of ADS-TEC Energy worth $2,046,000 at the end of the most recent quarter. 51.65% of the stock is owned by institutional investors and hedge funds.

ADS-TEC Energy Stock Up 0.1 %

ADSE stock opened at $10.90 on Tuesday. The business’s 50-day moving average is $10.47 and its two-hundred day moving average is $8.23. ADS-TEC Energy has a 1 year low of $2.13 and a 1 year high of $11.48.

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.