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

ADS-TEC Energy PLC (NASDAQ:ADSE) saw a significant drop in short interest in February. As of February 28th, there was short interest totalling 387,500 shares, a drop of 48.0% from the February 13th total of 745,200 shares. Based on an average trading volume of 150,900 shares, the short-interest ratio is currently 2.6 days. Approximately 1.7% of the company’s stock are short sold.

ADS-TEC Energy Stock Performance

ADS-TEC Energy stock opened at $14.05 on Friday. ADS-TEC Energy has a 1 year low of $9.52 and a 1 year high of $16.35. The firm’s 50 day moving average price is $15.05 and its two-hundred day moving average price is $14.03.

Wall Street Analyst Weigh In

Separately, Roth Capital upgraded ADS-TEC Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 19th.

Hedge Funds Weigh In On ADS-TEC Energy

Several institutional investors and hedge funds have recently modified their holdings of ADSE. Robert Bosch GmbH purchased a new position in shares of ADS-TEC Energy during the 4th quarter valued at $162,273,000. Mirabella Financial Services LLP lifted its stake in shares of ADS-TEC Energy by 1,521.8% in the 4th quarter. Mirabella Financial Services LLP now owns 11,067,883 shares of the company’s stock valued at $171,663,000 after purchasing an additional 10,385,428 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of ADS-TEC Energy in the 4th quarter valued at $621,000. Renaissance Technologies LLC acquired a new stake in shares of ADS-TEC Energy in the 4th quarter valued at $313,000. Finally, GAMMA Investing LLC acquired a new stake in shares of ADS-TEC Energy in the 4th quarter valued at $69,000. 51.65% of the stock is currently owned by hedge funds and other institutional investors.

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.