ADS-TEC Energy PLC (NASDAQ:ADSE - Get Free Report) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totalling 117,800 shares, a drop of 19.8% from the April 15th total of 146,800 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily volume of 43,400 shares, the days-to-cover ratio is currently 2.7 days.
ADS-TEC Energy Price Performance
NASDAQ:ADSE traded down $0.01 during mid-day trading on Monday, reaching $11.12. 16,597 shares of the stock were exchanged, compared to its average volume of 61,925. ADS-TEC Energy has a 1-year low of $3.20 and a 1-year high of $11.48. The business has a fifty day moving average price of $10.63 and a 200 day moving average price of $8.50.
Institutional Trading of ADS-TEC Energy
A hedge fund recently raised its stake in ADS-TEC Energy stock. Raymond James & Associates lifted its position in ADS-TEC Energy PLC (NASDAQ:ADSE - Free Report) by 22.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 286,090 shares of the company's stock after acquiring an additional 51,536 shares during the period. Raymond James & Associates owned about 0.58% of ADS-TEC Energy worth $2,046,000 as of its most recent SEC filing. 51.65% of the stock is currently owned by institutional investors and hedge funds.
ADS-TEC Energy Company Profile
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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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