Short Interest in ADS-TEC Energy PLC (NASDAQ:ADSEW) Decreases By 19.8%

ADS-TEC Energy PLC (NASDAQ:ADSEW – Get Rating) was the target of a significant drop in short interest during the month of May. As of May 15th, there was short interest totalling 28,000 shares, a drop of 19.8% from the April 30th total of 34,900 shares. Based on an average daily trading volume, of 10,100 shares, the short-interest ratio is currently 2.8 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Sculptor Capital LP grew its position in shares of ADS-TEC Energy by 66.1% in the first quarter. Sculptor Capital LP now owns 467,689 shares of the company’s stock valued at $650,000 after purchasing an additional 186,198 shares during the period. LMR Partners LLP grew its position in shares of ADS-TEC Energy by 27.0% in the third quarter. LMR Partners LLP now owns 268,299 shares of the company’s stock valued at $1,996,000 after purchasing an additional 56,992 shares during the period. Finally, Walleye Capital LLC grew its position in shares of ADS-TEC Energy by 252.9% in the second quarter. Walleye Capital LLC now owns 65,817 shares of the company’s stock valued at $43,000 after purchasing an additional 47,166 shares during the period.

ADS-TEC Energy Price Performance

NASDAQ ADSEW opened at $0.55 on Friday. The company has a fifty day simple moving average of $0.23 and a two-hundred day simple moving average of $0.29. ADS-TEC Energy has a 12-month low of $0.13 and a 12-month high of $1.38.

About ADS-TEC Energy

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ADS-TEC Energy PLC, a B2B technology company, develops, manufactures, and services intelligent battery buffered energy systems. The company offers ChargeBox, a battery storage system that integrates inverter, climate control, energy management, security/firewall, and communication units; and ChargeTrailer, a mobile high power charging system in the form of a truck trailer.