Advent Technologies Holdings, Inc. (NASDAQ:ADN) Sees Significant Drop in Short Interest

Advent Technologies Holdings, Inc. (NASDAQ:ADN) was the target of a significant drop in short interest in December. As of December 31st, there was short interest totalling 134,000 shares, a drop of 15.5% from the December 15th total of 158,600 shares. Currently, 6.1% of the company’s stock are short sold. Based on an average daily volume of 1,180,000 shares, the short-interest ratio is presently 0.1 days.

Advent Technologies Trading Down 6.6 %

Shares of ADN stock opened at $6.32 on Thursday. The firm’s fifty day moving average price is $5.61 and its two-hundred day moving average price is $3.85. Advent Technologies has a 1 year low of $1.71 and a 1 year high of $9.52. The firm has a market capitalization of $16.66 million, a P/E ratio of -0.24 and a beta of 0.41.

Advent Technologies (NASDAQ:ADN) last announced its quarterly earnings data on Friday, December 27th. The company reported ($3.65) earnings per share for the quarter. Advent Technologies had a negative net margin of 828.45% and a negative return on equity of 442.47%.

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.