ADS-TEC Energy PLC (NASDAQ:ADSE) Short Interest Down 13.0% in April

ADS-TEC Energy PLC (NASDAQ:ADSE) was the recipient of a large drop in short interest during the month of April. As of April 15th, there was short interest totalling 146,800 shares, a drop of 13.0% from the March 31st total of 168,700 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average trading volume of 76,500 shares, the days-to-cover ratio is currently 1.9 days.

Institutional Trading of ADS-TEC Energy

A hedge fund recently raised its stake in ADS-TEC Energy stock. Raymond James & Associates grew its holdings in shares of ADS-TEC Energy PLC (NASDAQ:ADSE) by 22.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 286,090 shares of the company’s stock after acquiring an additional 51,536 shares during the quarter. Raymond James & Associates owned about 0.58% of ADS-TEC Energy worth $2,046,000 at the end of the most recent quarter. 51.65% of the stock is currently owned by hedge funds and other institutional investors.

ADS-TEC Energy Trading Down 0.1 %

Shares of ADSE opened at $10.89 on Friday. The stock has a 50-day moving average price of $10.44 and a 200-day moving average price of $8.19. ADS-TEC Energy has a 12-month low of $2.01 and a 12-month high of $11.48.

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.