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

Advent Technologies Holdings, Inc. (NASDAQ:ADN) saw a significant drop in short interest in the month of September. As of September 15th, there was short interest totalling 27,500 shares, a drop of 19.1% from the August 31st total of 34,000 shares. Approximately 1.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 27,300 shares, the short-interest ratio is currently 1.0 days.

Advent Technologies Stock Up 2.6 %

Shares of ADN stock opened at $2.00 on Friday. The business has a 50-day moving average price of $3.18 and a two-hundred day moving average price of $12.65. Advent Technologies has a 12-month low of $1.86 and a 12-month high of $18.90. The firm has a market cap of $5.28 million, a P/E ratio of -0.04 and a beta of 0.15.

Advent Technologies (NASDAQ:ADN) last issued its quarterly earnings results on Tuesday, August 20th. The company reported ($10.32) earnings per share (EPS) for the quarter. The firm had revenue of $1.51 million for the quarter. Advent Technologies had a negative return on equity of 165.25% and a negative net margin of 1,469.38%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Advent Technologies stock. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Advent Technologies Holdings, Inc. (NASDAQ:ADN) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 355,687 shares of the company’s stock, valued at approximately $64,000. Mirae Asset Global Investments Co. Ltd. owned 0.57% of Advent Technologies at the end of the most recent reporting period. Institutional investors and hedge funds own 17.52% of the company’s stock.

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.