ADS-TEC Energy PLC (NASDAQ:ADSE - Get Free Report) saw a significant decrease in short interest in 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 presently 2.1 days. Approximately 1.4% of the company's shares are sold short.
ADS-TEC Energy Stock Down 12.1 %
NASDAQ:ADSE traded down $1.65 on Friday, reaching $12.01. 130,156 shares of the company's stock were exchanged, compared to its average volume of 99,181. ADS-TEC Energy has a 52-week low of $9.99 and a 52-week high of $16.35. The business has a fifty day moving average of $14.65 and a 200-day moving average of $14.18.
Institutional Investors Weigh In On ADS-TEC Energy
Several large investors have recently added to or reduced their stakes in ADSE. Robert Bosch GmbH acquired a new position in shares of ADS-TEC Energy in the fourth quarter worth $162,273,000. Mirabella Financial Services LLP boosted its holdings in ADS-TEC Energy by 1,521.8% in the fourth 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 during the period. Raymond James Financial Inc. acquired a new position in ADS-TEC Energy during the 4th quarter worth $621,000. Renaissance Technologies LLC purchased a new stake in ADS-TEC Energy during the 4th quarter worth about $313,000. Finally, GAMMA Investing LLC acquired a new stake in ADS-TEC Energy in the 4th quarter valued at about $69,000. 51.65% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, Roth Capital raised ADS-TEC Energy from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 19th.
Read Our Latest Report on ADS-TEC Energy
About ADS-TEC Energy
(
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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.
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