ADS-TEC Energy PLC (NASDAQ:ADSE) Sees Significant Decrease in Short Interest

ADS-TEC Energy PLC (NASDAQ:ADSE) saw a significant decline in short interest during the month of March. As of March 15th, there was short interest totalling 320,700 shares, a decline of 17.2% from the February 28th total of 387,500 shares. Based on an average daily volume of 155,100 shares, the short-interest ratio is currently 2.1 days. Currently, 1.4% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On ADS-TEC Energy

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

ADS-TEC Energy Trading Up 0.1 %

ADSE opened at $15.00 on Tuesday. The stock has a 50-day moving average of $14.82 and a 200 day moving average of $14.18. ADS-TEC Energy has a 12 month low of $9.92 and a 12 month high of $16.35.

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.