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

ADS-TEC Energy PLC (NASDAQ:ADSE) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 557,800 shares, an increase of 6.7% from the October 31st total of 522,700 shares. Currently, 2.4% of the shares of the company are sold short. Based on an average daily volume of 106,100 shares, the days-to-cover ratio is presently 5.3 days.

Hedge Funds Weigh In On ADS-TEC Energy

A hedge fund recently raised its stake in ADS-TEC Energy stock. Geode Capital Management LLC boosted its stake in shares of ADS-TEC Energy PLC (NASDAQ:ADSE) by 15.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,801 shares of the company’s stock after purchasing an additional 4,154 shares during the quarter. Geode Capital Management LLC owned 0.06% of ADS-TEC Energy worth $425,000 at the end of the most recent quarter. Institutional investors own 51.65% of the company’s stock.

ADS-TEC Energy Trading Down 1.9 %

NASDAQ:ADSE opened at $13.83 on Tuesday. ADS-TEC Energy has a one year low of $6.10 and a one year high of $15.01. The company has a fifty day moving average price of $13.56 and a 200 day moving average price of $12.58.

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.