Advent Technologies Holdings, Inc. (NASDAQ:ADN) Sees Large Drop in Short Interest

Advent Technologies Holdings, Inc. (NASDAQ:ADN) saw a significant drop in short interest in April. As of April 15th, there was short interest totalling 2,500,000 shares, a drop of 8.4% from the March 31st total of 2,730,000 shares. Currently, 4.0% of the company’s stock are sold short. Based on an average trading volume of 1,190,000 shares, the short-interest ratio is presently 2.1 days.

Institutional Trading of Advent Technologies

An institutional investor recently raised its position in Advent Technologies stock. Mirae Asset Global Investments Co. Ltd. grew its holdings in Advent Technologies Holdings, Inc. (NASDAQ:ADN) by 19.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 201,298 shares of the company’s stock after acquiring an additional 33,010 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.34% of Advent Technologies worth $79,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 17.52% of the company’s stock.

Advent Technologies Stock Down 7.4 %

Shares of NASDAQ ADN opened at $0.15 on Monday. The company has a 50 day moving average of $0.18 and a 200 day moving average of $0.26. Advent Technologies has a twelve month low of $0.15 and a twelve month high of $1.13. The firm has a market cap of $9.48 million, a P/E ratio of -0.09 and a beta of 0.10.

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.