Short Interest in Advent Technologies Holdings, Inc. (NASDAQ:ADN) Declines By 21.1%

Advent Technologies Holdings, Inc. (NASDAQ:ADN) was the target of a significant decrease in short interest in August. As of August 15th, there was short interest totalling 35,600 shares, a decrease of 21.1% from the July 31st total of 45,100 shares. Based on an average trading volume of 25,600 shares, the days-to-cover ratio is currently 1.4 days. Currently, 1.6% of the company’s stock are short sold.

Advent Technologies Trading Up 3.1 %

ADN opened at $2.96 on Friday. The company has a fifty day moving average price of $3.59 and a two-hundred day moving average price of $13.11. Advent Technologies has a 1-year low of $2.70 and a 1-year high of $18.90. The company has a market cap of $6.16 million, a P/E ratio of -0.06 and a beta of 0.17.

Advent Technologies (NASDAQ:ADN) last issued its earnings results on Tuesday, August 20th. The company reported ($10.32) EPS for the quarter. The company had revenue of $1.51 million during the quarter.

Institutional Investors Weigh In On Advent Technologies

An institutional investor recently bought a new position in Advent Technologies stock. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Advent Technologies Holdings, Inc. (NASDAQ:ADN) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 355,687 shares of the company’s stock, valued at approximately $64,000. Mirae Asset Global Investments Co. Ltd. owned approximately 0.57% of Advent Technologies at the end of the most recent reporting period. Institutional investors and hedge funds own 17.52% of the company’s stock.

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.