ADS-TEC Energy PLC (NASDAQ:ADSE - Get Free Report) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 593,900 shares, a growth of 9.0% from the November 30th total of 545,000 shares. Based on an average trading volume of 97,600 shares, the days-to-cover ratio is currently 6.1 days. Approximately 2.6% of the shares of the stock are sold short.
Hedge Funds Weigh In On ADS-TEC Energy
An institutional investor recently raised its position in ADS-TEC Energy stock. Geode Capital Management LLC lifted its stake in shares of ADS-TEC Energy PLC (NASDAQ:ADSE - Free Report) by 15.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,801 shares of the company's stock after acquiring an additional 4,154 shares during the quarter. Geode Capital Management LLC owned 0.06% of ADS-TEC Energy worth $425,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 51.65% of the company's stock.
ADS-TEC Energy Price Performance
Shares of ADSE stock traded up $0.47 during trading hours on Tuesday, reaching $15.51. The company had a trading volume of 297,989 shares, compared to its average volume of 79,183. ADS-TEC Energy has a 12-month low of $6.25 and a 12-month high of $15.60. The stock has a fifty day moving average of $13.96 and a 200-day moving average of $13.05.
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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