Short Interest in ADS-TEC Energy PLC (NASDAQ:ADSE) Rises By 183.8%

ADS-TEC Energy PLC (NASDAQ:ADSE) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 522,700 shares, a growth of 183.8% from the October 15th total of 184,200 shares. Currently, 2.3% of the company’s shares are short sold. Based on an average daily trading volume, of 114,000 shares, the days-to-cover ratio is presently 4.6 days.

Hedge Funds Weigh In On ADS-TEC Energy

An institutional investor recently bought a new position in ADS-TEC Energy stock. Crewe Advisors LLC bought a new position in shares of ADS-TEC Energy PLC (NASDAQ:ADSE) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,200 shares of the company’s stock, valued at approximately $149,000. Hedge funds and other institutional investors own 51.65% of the company’s stock.

ADS-TEC Energy Stock Down 2.2 %

NASDAQ ADSE opened at $13.50 on Wednesday. ADS-TEC Energy has a 12 month low of $6.10 and a 12 month high of $15.01. The company has a 50-day moving average of $13.18 and a 200-day moving average of $12.31.

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.