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

ADS-TEC Energy PLC (NASDAQ:ADSE) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totalling 184,200 shares, a growth of 43.9% from the September 30th total of 128,000 shares. Approximately 0.8% of the company’s stock are short sold. Based on an average trading volume of 106,900 shares, the days-to-cover ratio is currently 1.7 days.

ADS-TEC Energy Stock Up 2.5 %

ADSE opened at $14.50 on Monday. The stock has a 50-day moving average price of $12.91 and a 200-day moving average price of $12.06. ADS-TEC Energy has a 1 year low of $6.10 and a 1 year high of $15.01.

Hedge Funds Weigh In On ADS-TEC Energy

A hedge fund recently bought a new stake in ADS-TEC Energy stock. Crewe Advisors LLC bought a new position in ADS-TEC Energy PLC (NASDAQ:ADSE) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 14,200 shares of the company’s stock, valued at approximately $149,000. 51.65% of the stock is owned by institutional investors and hedge funds.

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.