ADS-TEC Energy PLC (NASDAQ:ADSE) Short Interest Update

ADS-TEC Energy PLC (NASDAQ:ADSEGet Free Report) was the recipient of a significant increase in short interest during the month of March. As of March 15th, there was short interest totalling 115,000 shares, an increase of 96.2% from the February 29th total of 58,600 shares. Based on an average daily volume of 79,900 shares, the short-interest ratio is currently 1.4 days. Currently, 0.6% of the shares of the company are short sold.

Hedge Funds Weigh In On ADS-TEC Energy

Several large investors have recently modified their holdings of ADSE. Invesco Ltd. acquired a new stake in ADS-TEC Energy during the 1st quarter worth about $20,719,000. Raymond James & Associates increased its stake in ADS-TEC Energy by 441.3% in the first quarter. Raymond James & Associates now owns 288,497 shares of the company’s stock valued at $2,487,000 after acquiring an additional 235,201 shares during the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in shares of ADS-TEC Energy during the first quarter valued at approximately $354,000. Citadel Advisors LLC bought a new stake in shares of ADS-TEC Energy in the 4th quarter worth about $290,000. Finally, Northern Trust Corp raised its holdings in shares of ADS-TEC Energy by 60.0% in the first quarter. Northern Trust Corp now owns 32,000 shares of the company’s stock worth $276,000 after buying an additional 12,000 shares during the last quarter. Institutional investors and hedge funds own 51.65% of the company’s stock.

ADS-TEC Energy Stock Up 1.6 %

NASDAQ ADSE opened at $10.35 on Thursday. ADS-TEC Energy has a 52 week low of $1.90 and a 52 week high of $11.48. The firm’s 50-day simple moving average is $9.21 and its two-hundred day simple moving average is $7.67.

About ADS-TEC Energy

(Get Free Report)

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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