ADS-TEC Energy PLC (NASDAQ:ADSE) Sees Significant Increase in Short Interest

ADS-TEC Energy PLC (NASDAQ:ADSE) was the recipient of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 593,900 shares, a growth of 9.0% from the November 30th total of 545,000 shares. Currently, 2.6% of the shares of the stock are sold short. Based on an average trading volume of 97,600 shares, the short-interest ratio is currently 6.1 days.

ADS-TEC Energy Price Performance

NASDAQ ADSE opened at $15.04 on Tuesday. The business has a fifty day moving average price of $13.91 and a 200 day moving average price of $12.99. ADS-TEC Energy has a one year low of $6.25 and a one year high of $15.04.

Institutional Investors Weigh In On ADS-TEC Energy

A hedge fund recently raised its stake in ADS-TEC Energy stock. Mirabella Financial Services LLP raised its holdings in ADS-TEC Energy PLC (NASDAQ:ADSE) by 10.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 682,455 shares of the company’s stock after acquiring an additional 67,043 shares during the period. Mirabella Financial Services LLP owned approximately 1.35% of ADS-TEC Energy worth $9,131,000 at the end of the most recent quarter. 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.