Advent Technologies Holdings, Inc. (NASDAQ:ADN) Sees Significant Decrease in Short Interest

Advent Technologies Holdings, Inc. (NASDAQ:ADN) was the recipient of a large decline in short interest during the month of January. As of January 31st, there was short interest totalling 137,100 shares, a decline of 10.9% from the January 15th total of 153,900 shares. Currently, 5.4% of the company’s stock are sold short. Based on an average daily trading volume, of 105,100 shares, the days-to-cover ratio is currently 1.3 days.

Advent Technologies Price Performance

Shares of ADN stock opened at $5.15 on Monday. The stock’s fifty day moving average price is $5.49 and its 200 day moving average price is $4.08. The company has a market cap of $13.60 million, a price-to-earnings ratio of -0.19 and a beta of 0.43. Advent Technologies has a 1-year low of $1.71 and a 1-year high of $9.52.

Advent Technologies (NASDAQ:ADN) last posted its quarterly earnings results on Friday, December 27th. The company reported ($3.65) earnings per share for the quarter. Advent Technologies had a negative net margin of 1,101.58% and a negative return on equity of 442.47%.

Institutional Trading of Advent Technologies

A hedge fund recently raised its stake in Advent Technologies stock. Geode Capital Management LLC lifted its stake in Advent Technologies Holdings, Inc. (NASDAQ:ADN) by 15.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,239 shares of the company’s stock after buying an additional 2,723 shares during the quarter. Geode Capital Management LLC owned approximately 0.77% of Advent Technologies worth $101,000 as of its most recent SEC filing. Institutional investors own 17.52% of the company’s stock.

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.