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

ADS-TEC Energy PLC (NASDAQ:ADSE) was the target of a significant growth in short interest in 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 daily volume of 105,800 shares, the days-to-cover ratio is currently 8.0 days. Approximately 3.7% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Mirabella Financial Services LLP lifted its position in shares of ADS-TEC Energy by 10.9% in the third quarter. Mirabella Financial Services LLP now owns 682,455 shares of the company’s stock valued at $9,131,000 after acquiring an additional 67,043 shares in the last quarter. Geode Capital Management LLC lifted its holdings in ADS-TEC Energy by 15.0% in the 3rd 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 in the last quarter. Finally, GAMMA Investing LLC purchased a new stake in ADS-TEC Energy during the 4th quarter valued at approximately $69,000. Institutional investors own 51.65% of the company’s stock.

ADS-TEC Energy Price Performance

Shares of NASDAQ ADSE opened at $15.93 on Thursday. ADS-TEC Energy has a 1 year low of $6.79 and a 1 year high of $16.35. The firm has a fifty day moving average price of $14.57 and a 200-day moving average price of $13.55.

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.