Advent Technologies Holdings, Inc. (NASDAQ:ADN) Short Interest Update

Advent Technologies Holdings, Inc. (NASDAQ:ADN) saw a significant drop in short interest during the month of February. As of February 28th, there was short interest totalling 98,700 shares, a drop of 22.7% from the February 13th total of 127,700 shares. Based on an average trading volume of 25,500 shares, the days-to-cover ratio is currently 3.9 days. Currently, 3.9% of the shares of the company are sold short.

Advent Technologies Trading Up 2.5 %

Shares of NASDAQ ADN opened at $4.52 on Monday. The stock has a fifty day simple moving average of $5.25 and a two-hundred day simple moving average of $4.28. Advent Technologies has a 1-year low of $1.71 and a 1-year high of $8.79. The firm has a market cap of $11.91 million, a price-to-earnings ratio of -0.17 and a beta of 0.48.

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

Hedge Funds Weigh In On Advent Technologies

An institutional investor recently raised its position in Advent Technologies stock. Geode Capital Management LLC raised its position in shares of Advent Technologies Holdings, Inc. (NASDAQ:ADN) by 15.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,239 shares of the company’s stock after acquiring an additional 2,723 shares during the quarter. Geode Capital Management LLC owned approximately 0.77% of Advent Technologies worth $101,000 at the end of the most recent quarter. 17.52% of the stock is owned by institutional investors.

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.