ADS-TEC Energy PLC (NASDAQ:ADSE) Short Interest Update

ADS-TEC Energy PLC (NASDAQ:ADSE) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 557,800 shares, a growth of 6.7% from the October 31st total of 522,700 shares. Currently, 2.4% of the shares of the stock are short sold. Based on an average daily volume of 106,100 shares, the days-to-cover ratio is currently 5.3 days.

ADS-TEC Energy Trading Down 1.9 %

NASDAQ ADSE opened at $13.83 on Tuesday. The company’s 50 day simple moving average is $13.56 and its 200 day simple moving average is $12.58. ADS-TEC Energy has a 12 month low of $6.10 and a 12 month high of $15.01.

Institutional Investors Weigh In On ADS-TEC Energy

An institutional investor recently raised its position in ADS-TEC Energy stock. Geode Capital Management LLC raised its stake in ADS-TEC Energy PLC (NASDAQ:ADSE) by 15.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,801 shares of the company’s stock after buying an additional 4,154 shares during the quarter. Geode Capital Management LLC owned 0.06% of ADS-TEC Energy worth $425,000 at the end of the most recent reporting period. 51.65% of the stock is currently owned by institutional investors and hedge funds.

About ADS-TEC Energy

ADS-TEC Energy PLC provide intelligent and decentralized energy storage systems in Europe and North America. Its portfolio of ecosystem platforms provides DC-based ultra-fast chargers for EVs on power limited grids, energy storage and management solutions for commercial and industrial applications, and energy storage and management solutions for residential sector coupling applications.