Advent Technologies Holdings, Inc. (NASDAQ:ADN) Short Interest Update

Advent Technologies Holdings, Inc. (NASDAQ:ADN) was the recipient of a significant decline in short interest during the month of March. As of March 31st, there was short interest totalling 2,730,000 shares, a decline of 13.6% from the March 15th total of 3,160,000 shares. Based on an average daily trading volume, of 1,310,000 shares, the days-to-cover ratio is currently 2.1 days. Approximately 4.6% of the shares of the stock are sold short.

Institutional Trading of Advent Technologies

Hedge funds and other institutional investors have recently modified their holdings of the stock. XTX Topco Ltd acquired a new position in Advent Technologies in the first quarter valued at $25,000. Hsbc Holdings PLC bought a new stake in shares of Advent Technologies during the first quarter worth about $36,000. American International Group Inc. grew its position in Advent Technologies by 89.7% in the 1st quarter. American International Group Inc. now owns 15,851 shares of the company’s stock worth $37,000 after purchasing an additional 7,494 shares in the last quarter. Bank of Montreal Can bought a new stake in Advent Technologies in the 1st quarter worth about $46,000. Finally, UBS Group AG grew its position in shares of Advent Technologies by 21.6% during the 2nd quarter. UBS Group AG now owns 19,395 shares of the company’s stock valued at $49,000 after acquiring an additional 3,443 shares during the period. Institutional investors own 17.52% of the company’s stock.

Advent Technologies Stock Performance

NASDAQ ADN opened at $0.17 on Friday. The firm’s fifty day moving average price is $0.18 and its two-hundred day moving average price is $0.28. The stock has a market cap of $10.32 million, a PE ratio of -0.09 and a beta of 0.10. Advent Technologies has a fifty-two week low of $0.15 and a fifty-two week high of $1.13.

Advent Technologies Company Profile

Advent Technologies Holdings, Inc, an advanced materials and technology development company, operates in the fuel cell and hydrogen technology markets in North America, Europe, and Asia. It develops, manufactures, and assembles fuel cell systems and critical components that determine the performance of hydrogen fuel cells and other energy systems.