ADS-TEC Energy PLC (NASDAQ:ADSE - Get Free Report) was the target of a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 212,900 shares, a decrease of 37.9% from the March 31st total of 342,600 shares. Based on an average daily trading volume, of 134,400 shares, the short-interest ratio is presently 1.6 days. Approximately 0.9% of the shares of the company are short sold.
ADS-TEC Energy Stock Performance
Shares of ADSE stock opened at $13.50 on Tuesday. ADS-TEC Energy has a 52-week low of $10.17 and a 52-week high of $16.35. The firm has a fifty day moving average of $13.68 and a 200-day moving average of $14.19.
Analyst Upgrades and Downgrades
Separately, Roth Capital raised shares of ADS-TEC Energy from a "hold" rating to a "strong-buy" rating in a report on Wednesday, February 19th.
Check Out Our Latest Stock Analysis on ADSE
Hedge Funds Weigh In On ADS-TEC Energy
A number of hedge funds have recently made changes to their positions in ADSE. JPMorgan Chase & Co. increased its holdings in shares of ADS-TEC Energy by 132.6% during the fourth quarter. JPMorgan Chase & Co. now owns 2,079 shares of the company's stock worth $32,000 after buying an additional 1,185 shares in the last quarter. Bank of America Corp DE acquired a new position in ADS-TEC Energy during the 4th quarter worth $53,000. Geode Capital Management LLC raised its position in shares of ADS-TEC Energy by 11.9% during the 4th quarter. Geode Capital Management LLC now owns 35,572 shares of the company's stock valued at $552,000 after acquiring an additional 3,771 shares during the last quarter. GAMMA Investing LLC bought a new stake in shares of ADS-TEC Energy during the 4th quarter valued at $69,000. Finally, Renaissance Technologies LLC bought a new stake in shares of ADS-TEC Energy during the 4th quarter valued at $313,000. Institutional investors and hedge funds own 51.65% of the company's stock.
ADS-TEC Energy Company Profile
(
Get Free Report)
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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