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

Advent Technologies Holdings, Inc. (NASDAQ:ADN) was the recipient of a large decrease in short interest in the month of March. As of March 15th, there was short interest totalling 58,400 shares, a decrease of 40.8% from the February 28th total of 98,700 shares. Based on an average daily trading volume, of 22,600 shares, the days-to-cover ratio is presently 2.6 days. Currently, 2.3% of the shares of the company are short sold.

Hedge Funds Weigh In On Advent Technologies

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

Advent Technologies Price Performance

Shares of ADN opened at $4.76 on Friday. The firm has a market capitalization of $12.55 million, a P/E ratio of -0.18 and a beta of 0.48. Advent Technologies has a one year low of $1.71 and a one year high of $8.79. The business has a fifty day moving average of $5.03 and a 200 day moving average of $4.43.

Advent Technologies (NASDAQ:ADN) last announced its 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%.

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.