Short Interest in ADS-TEC Energy PLC (NASDAQ:ADSE) Increases By 183.8%

ADS-TEC Energy PLC (NASDAQ:ADSE) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 522,700 shares, an increase of 183.8% from the October 15th total of 184,200 shares. Approximately 2.3% of the company’s shares are sold short. Based on an average daily volume of 114,000 shares, the days-to-cover ratio is presently 4.6 days.

Hedge Funds Weigh In On ADS-TEC Energy

An institutional investor recently raised its position in ADS-TEC Energy stock. Mirabella Financial Services LLP lifted its holdings in ADS-TEC Energy PLC (NASDAQ:ADSE) by 10.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 682,455 shares of the company’s stock after purchasing an additional 67,043 shares during the period. Mirabella Financial Services LLP owned approximately 1.35% of ADS-TEC Energy worth $9,131,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 51.65% of the company’s stock.

ADS-TEC Energy Stock Performance

ADSE opened at $13.37 on Thursday. ADS-TEC Energy has a 52 week low of $6.10 and a 52 week high of $15.01. The business has a fifty day simple moving average of $13.20 and a 200-day simple moving average of $12.33.

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.