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

Advent Technologies Holdings, Inc. (NASDAQ:ADN) was the recipient of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 98,700 shares, a decrease of 22.7% from the February 13th total of 127,700 shares. Based on an average daily trading volume, of 25,500 shares, the days-to-cover ratio is currently 3.9 days. Approximately 3.9% of the shares of the stock are short sold.

Institutional Investors Weigh In On Advent Technologies

A hedge fund recently raised its stake in Advent Technologies stock. Geode Capital Management LLC boosted its position in Advent Technologies Holdings, Inc. (NASDAQ:ADN) by 15.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,239 shares of the company’s stock after acquiring an additional 2,723 shares during the quarter. Geode Capital Management LLC owned 0.77% of Advent Technologies worth $101,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 17.52% of the company’s stock.

Advent Technologies Stock Up 14.3 %

ADN stock opened at $4.88 on Tuesday. Advent Technologies has a 52-week low of $1.71 and a 52-week high of $8.79. The stock’s fifty day simple moving average is $5.23 and its 200-day simple moving average is $4.29. The stock has a market capitalization of $12.86 million, a price-to-earnings ratio of -0.18 and a beta of 0.48.

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

About Advent Technologies

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.