Short Interest in ADS-TEC Energy PLC (NASDAQ:ADSE) Drops By 24.7%

ADS-TEC Energy PLC (NASDAQ:ADSE) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 84,728 shares, a decrease of 24.7% from the December 15th total of 112,543 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 42,452 shares, the days-to-cover ratio is presently 2.0 days. Based on an average daily volume of 42,452 shares, the days-to-cover ratio is presently 2.0 days. Currently, 0.2% of the company’s shares are sold short.

Hedge Funds Weigh In On ADS-TEC Energy

Hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets boosted its position in ADS-TEC Energy by 1,205.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,611 shares of the company’s stock worth $31,000 after purchasing an additional 2,411 shares during the period. JPMorgan Chase & Co. boosted its position in shares of ADS-TEC Energy by 33.3% in the second quarter. JPMorgan Chase & Co. now owns 12,552 shares of the company’s stock worth $173,000 after buying an additional 3,133 shares during the period. First Trust Advisors LP boosted its position in shares of ADS-TEC Energy by 2.4% in the second quarter. First Trust Advisors LP now owns 136,682 shares of the company’s stock worth $1,886,000 after buying an additional 3,183 shares during the period. Bank of America Corp DE acquired a new stake in shares of ADS-TEC Energy in the fourth quarter valued at about $53,000. Finally, Simplex Trading LLC purchased a new stake in shares of ADS-TEC Energy during the 2nd quarter valued at about $83,000. Hedge funds and other institutional investors own 51.65% of the company’s stock.

ADS-TEC Energy Trading Up 7.2%

Shares of NASDAQ:ADSE opened at $12.43 on Friday. The stock has a 50-day simple moving average of $11.83 and a 200-day simple moving average of $11.30. ADS-TEC Energy has a 1 year low of $7.89 and a 1 year high of $16.35.

Analyst Ratings Changes

ADSE has been the subject of several recent analyst reports. Wall Street Zen upgraded ADS-TEC Energy from a “sell” rating to a “hold” rating in a report on Friday, September 26th. Weiss Ratings reissued a “sell (d-)” rating on shares of ADS-TEC Energy in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

ADS-TEC Energy Company Profile

ADS-TEC Energy GmbH is a Germany-based developer of advanced energy storage systems and high-power electric vehicle (EV) charging solutions. Founded in 2009, the company specializes in modular, scalable battery technologies designed to enhance grid stability and support the integration of renewable energy sources through its patented Prism storage cell technology.

ADS-TEC Energy’s product range includes turnkey containerized storage units, Smart Batteries with integrated energy management, and high-speed charging stations equipped with onboard energy buffers.