Advent Technologies Holdings, Inc. (NASDAQ:ADN) Short Interest Down 40.8% in March

Advent Technologies Holdings, Inc. (NASDAQ:ADN) saw a large decrease in short interest in March. As of March 15th, there was short interest totalling 58,400 shares, a decrease of 40.8% from the February 28th total of 98,700 shares. Currently, 2.3% of the company’s shares are sold short. Based on an average daily trading volume, of 22,600 shares, the days-to-cover ratio is currently 2.6 days.

Advent Technologies Stock Performance

Advent Technologies stock opened at $4.76 on Monday. The company has a market capitalization of $12.55 million, a price-to-earnings ratio of -0.18 and a beta of 0.48. The company’s 50 day simple moving average is $5.03 and its 200-day simple moving average is $4.46. Advent Technologies has a 1 year low of $1.71 and a 1 year high of $8.79.

Advent Technologies (NASDAQ:ADN) last issued its quarterly earnings results on Friday, December 27th. The company reported ($3.65) earnings per share (EPS) for the quarter. Advent Technologies had a negative return on equity of 442.47% and a negative net margin of 1,101.58%.

Hedge Funds Weigh In On Advent Technologies

A hedge fund recently raised its stake in Advent Technologies stock. Geode Capital Management LLC boosted its position in Advent Technologies Holdings, Inc. (NASDAQ:ADN) by 15.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,239 shares of the company’s stock after acquiring an additional 2,723 shares during the quarter. Geode Capital Management LLC owned 0.77% of Advent Technologies worth $101,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 17.52% of the company’s stock.

Advent Technologies Company Profile

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.