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

Advent Technologies Holdings, Inc. (NASDAQ:ADN) was the recipient of a significant drop in short interest in the month of March. As of March 31st, there was short interest totalling 45,700 shares, a drop of 21.7% from the March 15th total of 58,400 shares. Approximately 1.8% of the shares of the stock are short sold. Based on an average daily volume of 19,300 shares, the short-interest ratio is presently 2.4 days.

Advent Technologies Trading Down 6.2 %

ADN stock opened at $2.59 on Friday. Advent Technologies has a 1-year low of $1.71 and a 1-year high of $8.79. The business’s 50 day moving average is $4.28 and its 200-day moving average is $4.53. The firm has a market cap of $6.83 million, a P/E ratio of -0.10 and a beta of 0.62.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Advent Technologies stock. Geode Capital Management LLC increased its stake in shares of Advent Technologies Holdings, Inc. (NASDAQ:ADN) by 15.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,239 shares of the company’s stock after purchasing an additional 2,723 shares during the quarter. Geode Capital Management LLC owned about 0.77% of Advent Technologies worth $101,000 at the end of the most recent quarter. 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.