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

ADS-TEC Energy PLC (NASDAQ:ADSE) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 849,100 shares, a growth of 43.0% from the December 31st total of 593,900 shares. Based on an average trading volume of 105,800 shares, the days-to-cover ratio is presently 8.0 days. Currently, 3.7% of the company’s stock are sold short.

Hedge Funds Weigh In On ADS-TEC Energy

Several hedge funds have recently bought and sold shares of ADSE. GAMMA Investing LLC bought a new stake in shares of ADS-TEC Energy during the 4th quarter worth about $69,000. Geode Capital Management LLC boosted its position in ADS-TEC Energy by 15.0% during the third quarter. Geode Capital Management LLC now owns 31,801 shares of the company’s stock worth $425,000 after purchasing an additional 4,154 shares during the period. Finally, Mirabella Financial Services LLP grew its holdings in ADS-TEC Energy by 10.9% during the third quarter. Mirabella Financial Services LLP now owns 682,455 shares of the company’s stock valued at $9,131,000 after purchasing an additional 67,043 shares during the last quarter. 51.65% of the stock is owned by institutional investors and hedge funds.

ADS-TEC Energy Stock Performance

Shares of ADSE opened at $16.18 on Friday. The company’s fifty day moving average is $14.66 and its 200-day moving average is $13.58. ADS-TEC Energy has a 12 month low of $6.90 and a 12 month high of $16.35.

ADS-TEC Energy Company Profile

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.