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

Advent Technologies Holdings, Inc. (NASDAQ:ADN) was the target of a large decrease in short interest during the month of January. As of January 31st, there was short interest totalling 137,100 shares, a decrease of 10.9% from the January 15th total of 153,900 shares. Based on an average trading volume of 105,100 shares, the short-interest ratio is currently 1.3 days. Currently, 5.4% of the company’s stock are short sold.

Advent Technologies Stock Up 0.6 %

Shares of Advent Technologies stock opened at $5.15 on Tuesday. Advent Technologies has a 12-month low of $1.71 and a 12-month high of $9.52. The stock has a 50 day moving average price of $5.47 and a two-hundred day moving average price of $4.09. The stock has a market capitalization of $13.58 million, a P/E ratio of -0.19 and a beta of 0.43.

Advent Technologies (NASDAQ:ADN) last announced its earnings results on Friday, December 27th. The company reported ($3.65) EPS for the quarter. Advent Technologies had a negative return on equity of 442.47% and a negative net margin of 1,101.58%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Advent Technologies stock. Geode Capital Management LLC lifted its holdings in shares of Advent Technologies Holdings, Inc. (NASDAQ:ADN) by 15.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 20,239 shares of the company’s stock after purchasing an additional 2,723 shares during the period. Geode Capital Management LLC owned 0.77% of Advent Technologies worth $101,000 at the end of the most recent reporting period. 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.