ADS-TEC Energy PLC (NASDAQ:ADSE) Short Interest Down 17.2% in March

ADS-TEC Energy PLC (NASDAQ:ADSE) was the target of a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 320,700 shares, a decrease of 17.2% from the February 28th total of 387,500 shares. Based on an average daily volume of 155,100 shares, the short-interest ratio is currently 2.1 days. Currently, 1.4% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Roth Capital upgraded ADS-TEC Energy from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 19th.

ADS-TEC Energy Price Performance

Shares of ADS-TEC Energy stock opened at $14.25 on Wednesday. The firm has a fifty day moving average price of $14.79 and a 200 day moving average price of $14.19. ADS-TEC Energy has a 1 year low of $9.92 and a 1 year high of $16.35.

Hedge Funds Weigh In On ADS-TEC Energy

Institutional investors have recently modified their holdings of the stock. Robert Bosch GmbH purchased a new position in ADS-TEC Energy during the fourth quarter valued at approximately $162,273,000. Mirabella Financial Services LLP increased its holdings in shares of ADS-TEC Energy by 1,521.8% during the 4th quarter. Mirabella Financial Services LLP now owns 11,067,883 shares of the company’s stock valued at $171,663,000 after purchasing an additional 10,385,428 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of ADS-TEC Energy in the 4th quarter valued at $621,000. Renaissance Technologies LLC purchased a new stake in ADS-TEC Energy during the fourth quarter worth $313,000. Finally, GAMMA Investing LLC acquired a new stake in ADS-TEC Energy during the fourth quarter valued at $69,000. Hedge funds and other institutional investors own 51.65% of the company’s stock.

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.