ADS-TEC Energy PLC (NASDAQ:ADSE) Short Interest Down 48.0% in February

ADS-TEC Energy PLC (NASDAQ:ADSE - Get Free Report) was the target of a large decline in short interest in February. As of February 28th, there was short interest totalling 387,500 shares, a decline of 48.0% from the February 13th total of 745,200 shares. Approximately 1.7% of the shares of the stock are sold short. Based on an average daily volume of 150,900 shares, the days-to-cover ratio is presently 2.6 days.

ADS-TEC Energy Price Performance

ADSE stock traded up $0.32 during trading on Monday, hitting $14.04. 61,229 shares of the company's stock traded hands, compared to its average volume of 94,661. ADS-TEC Energy has a 52 week low of $9.52 and a 52 week high of $16.35. The business has a fifty day simple moving average of $15.01 and a 200 day simple moving average of $14.06.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in ADSE. Mirabella Financial Services LLP lifted its holdings in shares of ADS-TEC Energy by 1,521.8% in the 4th quarter. Mirabella Financial Services LLP now owns 11,067,883 shares of the company's stock worth $171,663,000 after acquiring an additional 10,385,428 shares during the last quarter. Robert Bosch GmbH purchased a new stake in ADS-TEC Energy in the 4th quarter worth about $162,273,000. Raymond James Financial Inc. bought a new stake in ADS-TEC Energy in the fourth quarter worth about $621,000. Geode Capital Management LLC boosted its position in shares of ADS-TEC Energy by 11.9% during the fourth quarter. Geode Capital Management LLC now owns 35,572 shares of the company's stock valued at $552,000 after buying an additional 3,771 shares during the period. Finally, Renaissance Technologies LLC bought a new position in shares of ADS-TEC Energy during the fourth quarter valued at approximately $313,000. Hedge funds and other institutional investors own 51.65% of the company's stock.

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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.