ADS-TEC Energy PLC (NASDAQ:ADSE - Get Free Report) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totalling 247,700 shares, a decline of 15.7% from the April 30th total of 293,900 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average daily volume of 96,700 shares, the days-to-cover ratio is currently 2.6 days.
ADS-TEC Energy Stock Up 4.9%
Shares of ADSE traded up $0.48 during trading hours on Friday, reaching $10.18. The stock had a trading volume of 90,197 shares, compared to its average volume of 107,791. ADS-TEC Energy has a 12 month low of $9.00 and a 12 month high of $16.35. The company's 50-day moving average is $12.45 and its two-hundred day moving average is $13.88.
Analyst Ratings Changes
Separately, Roth Capital raised shares of ADS-TEC Energy from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, February 19th.
Get Our Latest Analysis on ADSE
Hedge Funds Weigh In On ADS-TEC Energy
Institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in shares of ADS-TEC Energy by 132.6% during the fourth quarter. JPMorgan Chase & Co. now owns 2,079 shares of the company's stock valued at $32,000 after purchasing an additional 1,185 shares in the last quarter. Bank of America Corp DE bought a new position in ADS-TEC Energy in the 4th quarter valued at approximately $53,000. Renaissance Technologies LLC acquired a new stake in ADS-TEC Energy during the 4th quarter worth approximately $313,000. Geode Capital Management LLC grew its holdings in ADS-TEC Energy by 11.9% during the 4th quarter. Geode Capital Management LLC now owns 35,572 shares of the company's stock worth $552,000 after acquiring an additional 3,771 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in ADS-TEC Energy in the 4th quarter valued at approximately $621,000. Institutional investors and hedge funds own 51.65% of the company's stock.
About ADS-TEC Energy
(
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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.
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