ADS-TEC Energy PLC (NASDAQ:ADSE - Get Free Report) was the target of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 745,200 shares, a decline of 12.2% from the January 31st total of 848,800 shares. Based on an average daily volume of 141,500 shares, the short-interest ratio is currently 5.3 days. Approximately 3.2% of the company's stock are short sold.
ADS-TEC Energy Stock Up 4.5 %
ADS-TEC Energy stock traded up $0.65 during midday trading on Friday, hitting $15.00. 109,008 shares of the stock were exchanged, compared to its average volume of 170,543. ADS-TEC Energy has a 52-week low of $9.52 and a 52-week high of $16.35. The business's 50-day moving average price is $15.13 and its 200-day moving average price is $13.99.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ADSE. Robert Bosch GmbH purchased a new position in ADS-TEC Energy during the fourth quarter worth about $162,273,000. Mirabella Financial Services LLP boosted 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 buying an additional 10,385,428 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of ADS-TEC Energy in the 4th quarter worth about $621,000. Renaissance Technologies LLC purchased a new position in shares of ADS-TEC Energy in the 4th quarter worth about $313,000. Finally, GAMMA Investing LLC purchased a new position in shares of ADS-TEC Energy in the 4th quarter worth about $69,000. 51.65% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, Roth Capital upgraded ADS-TEC Energy from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 19th.
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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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