ADS-TEC Energy PLC (NASDAQ:ADSE) Short Interest Up 43.0% in January

ADS-TEC Energy PLC (NASDAQ:ADSE) saw a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 849,100 shares, an increase of 43.0% from the December 31st total of 593,900 shares. Currently, 3.7% of the company’s shares are sold short. Based on an average daily volume of 105,800 shares, the days-to-cover ratio is presently 8.0 days.

ADS-TEC Energy Stock Performance

NASDAQ ADSE opened at $16.11 on Friday. The company has a 50-day simple moving average of $14.61 and a two-hundred day simple moving average of $13.57. ADS-TEC Energy has a 12-month low of $6.90 and a 12-month high of $16.35.

Institutional Investors Weigh In On ADS-TEC Energy

Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC purchased a new position in ADS-TEC Energy in the 4th quarter worth approximately $69,000. Geode Capital Management LLC grew its holdings in shares of ADS-TEC Energy by 15.0% in the third quarter. Geode Capital Management LLC now owns 31,801 shares of the company’s stock worth $425,000 after purchasing an additional 4,154 shares during the last quarter. Finally, Mirabella Financial Services LLP increased its stake in shares of ADS-TEC Energy by 10.9% in the third quarter. Mirabella Financial Services LLP now owns 682,455 shares of the company’s stock worth $9,131,000 after buying an additional 67,043 shares during the period. Institutional investors own 51.65% of the company’s stock.

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.