ADS-TEC Energy PLC (NASDAQ:ADSE) Short Interest Update

ADS-TEC Energy PLC (NASDAQ:ADSE) was the recipient of a large decrease in short interest during the month of February. As of February 28th, there was short interest totalling 387,500 shares, a decrease of 48.0% from the February 13th total of 745,200 shares. Based on an average daily trading volume, of 150,900 shares, the days-to-cover ratio is currently 2.6 days. Approximately 1.7% of the shares of the stock are short sold.

ADS-TEC Energy Price Performance

Shares of ADS-TEC Energy stock opened at $14.05 on Friday. ADS-TEC Energy has a fifty-two week low of $9.52 and a fifty-two week high of $16.35. The business’s fifty day moving average is $15.05 and its two-hundred day moving average is $14.03.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ADSE. Mirabella Financial Services LLP raised its position in shares of ADS-TEC Energy by 10.9% in the 3rd 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. Geode Capital Management LLC raised its position in shares of ADS-TEC Energy by 15.0% in the 3rd quarter. Geode Capital Management LLC now owns 31,801 shares of the company’s stock worth $425,000 after buying an additional 4,154 shares during the period. GAMMA Investing LLC purchased a new position in shares of ADS-TEC Energy in the 4th quarter worth $69,000. Raymond James Financial Inc. purchased a new position in shares of ADS-TEC Energy in the 4th quarter worth $621,000. Finally, JPMorgan Chase & Co. raised its position in shares of ADS-TEC Energy by 132.6% in the 4th quarter. JPMorgan Chase & Co. now owns 2,079 shares of the company’s stock worth $32,000 after buying an additional 1,185 shares during the period. 51.65% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Roth Capital raised ADS-TEC Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 19th.

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.