Short Interest in Advent Technologies Holdings, Inc. (NASDAQ:ADN) Expands By 15.6%

Advent Technologies Holdings, Inc. (NASDAQ:ADN) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 31,800 shares, an increase of 15.6% from the September 15th total of 27,500 shares. Currently, 1.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 28,500 shares, the short-interest ratio is presently 1.1 days.

Advent Technologies Stock Performance

Shares of ADN opened at $1.87 on Tuesday. The company’s fifty day moving average is $2.56 and its 200 day moving average is $12.44. Advent Technologies has a fifty-two week low of $1.75 and a fifty-two week high of $18.90. The stock has a market capitalization of $3.89 million, a PE ratio of -0.04 and a beta of 0.14.

Advent Technologies (NASDAQ:ADN) last posted its quarterly earnings data on Tuesday, August 20th. The company reported ($10.32) earnings per share for the quarter. The business had revenue of $1.51 million for the quarter.

Institutional Trading of Advent Technologies

An institutional investor recently bought a new position in Advent Technologies stock. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Advent Technologies Holdings, Inc. (NASDAQ:ADN) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 355,687 shares of the company’s stock, valued at approximately $64,000. Mirae Asset Global Investments Co. Ltd. owned approximately 0.57% of Advent Technologies as of its most recent SEC filing. 17.52% of the stock is currently owned by institutional investors.

Advent Technologies Company Profile

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.