Short Interest in Advent Technologies Holdings, Inc. (NASDAQ:ADN) Rises By 33.9%

Advent Technologies Holdings, Inc. (NASDAQ:ADN) saw a large growth in short interest in October. As of October 31st, there was short interest totalling 52,500 shares, a growth of 33.9% from the October 15th total of 39,200 shares. Currently, 2.4% of the shares of the company are short sold. Based on an average trading volume of 1,120,000 shares, the days-to-cover ratio is presently 0.0 days.

Advent Technologies Stock Performance

ADN opened at $7.58 on Thursday. The stock has a market cap of $20.01 million, a price-to-earnings ratio of -0.29 and a beta of 0.11. The firm’s fifty day moving average is $2.45 and its 200 day moving average is $12.03. Advent Technologies has a fifty-two week low of $1.71 and a fifty-two week high of $18.90.

Advent Technologies (NASDAQ:ADN) last posted its quarterly earnings results on Tuesday, October 15th. The company reported ($4.28) EPS for the quarter. The business had revenue of $0.81 million for the quarter. Advent Technologies had a negative net margin of 828.45% and a negative return on equity of 442.47%.

Hedge Funds Weigh In On Advent Technologies

A hedge fund recently bought a new stake in Advent Technologies stock. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Advent Technologies Holdings, Inc. (NASDAQ:ADN) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 quarter. Institutional investors 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.