Advent Technologies Holdings, Inc. (NASDAQ:ADN) Short Interest Up 471.9% in August

Advent Technologies Holdings, Inc. (NASDAQ:ADN) was the target of a large increase in short interest in the month of August. As of August 15th, there was short interest totaling 154,400 shares, anincreaseof471.9% from the July 31st total of 27,000 shares. Based on an average trading volume of 817,800 shares, the short-interest ratio is presently 0.2 days. Approximately6.0% of the shares of the company are short sold. Approximately6.0% of the shares of the company are short sold. Based on an average trading volume of 817,800 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Advent Technologies

A hedge fund recently raised its stake in Advent Technologies stock. Geode Capital Management LLC lifted its holdings in Advent Technologies Holdings, Inc. (NASDAQ:ADN) by 15.5% during the 4th quarter, according to its most recent 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 period. Geode Capital Management LLC owned about 0.77% of Advent Technologies worth $101,000 at the end of the most recent reporting period. Institutional investors own 17.52% of the company’s stock.

Advent Technologies Stock Down 14.5%

ADN stock opened at $3.84 on Wednesday. Advent Technologies has a fifty-two week low of $1.71 and a fifty-two week high of $8.79. The firm’s 50-day simple moving average is $2.75 and its 200 day simple moving average is $3.15. The stock has a market cap of $10.25 million, a PE ratio of -0.14 and a beta of 0.84.

Advent Technologies (NASDAQ:ADN) last announced its earnings results on Tuesday, August 12th. The company reported ($1.42) earnings per share (EPS) for the quarter.

About Advent Technologies

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.