Short Interest in ADS-TEC Energy PLC (NASDAQ:ADSE) Declines By 37.9%

ADS-TEC Energy PLC (NASDAQ:ADSE - Get Free Report) was the recipient of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totalling 212,900 shares, a decrease of 37.9% from the March 31st total of 342,600 shares. Currently, 0.9% of the company's stock are sold short. Based on an average daily trading volume, of 134,400 shares, the days-to-cover ratio is currently 1.6 days.

Analyst Upgrades and Downgrades

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

Institutional Trading of ADS-TEC Energy

Large investors have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position in ADS-TEC Energy by 132.6% during the 4th quarter. JPMorgan Chase & Co. now owns 2,079 shares of the company's stock worth $32,000 after acquiring an additional 1,185 shares during the last quarter. Bank of America Corp DE acquired a new position in shares of ADS-TEC Energy during the 4th quarter worth about $53,000. GAMMA Investing LLC bought a new stake in ADS-TEC Energy during the 4th quarter valued at approximately $69,000. Renaissance Technologies LLC acquired a new stake in ADS-TEC Energy in the 4th quarter valued at approximately $313,000. Finally, Geode Capital Management LLC increased its position in 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. 51.65% of the stock is owned by institutional investors.

ADS-TEC Energy Stock Down 1.5 %

ADS-TEC Energy stock traded down $0.20 during trading hours on Thursday, reaching $13.45. 22,633 shares of the company were exchanged, compared to its average volume of 103,349. ADS-TEC Energy has a 12 month low of $10.17 and a 12 month high of $16.35. The stock has a 50-day moving average of $13.62 and a 200 day moving average of $14.18.

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.