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

ADS-TEC Energy PLC (NASDAQ:ADSE) was the recipient of a large increase in short interest in November. As of November 15th, there was short interest totalling 557,800 shares, an increase of 6.7% from the October 31st total of 522,700 shares. Currently, 2.4% of the company’s shares are sold short. Based on an average trading volume of 106,100 shares, the short-interest ratio is currently 5.3 days.

Hedge Funds Weigh In On ADS-TEC Energy

An institutional investor recently raised its position in ADS-TEC Energy stock. Geode Capital Management LLC lifted its stake in shares of ADS-TEC Energy PLC (NASDAQ:ADSE) by 15.0% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 31,801 shares of the company’s stock after acquiring an additional 4,154 shares during the period. Geode Capital Management LLC owned 0.06% of ADS-TEC Energy worth $425,000 at the end of the most recent reporting period. 51.65% of the stock is currently owned by institutional investors and hedge funds.

ADS-TEC Energy Stock Performance

Shares of ADS-TEC Energy stock opened at $13.73 on Wednesday. The stock’s 50-day moving average is $13.67 and its 200 day moving average is $12.62. ADS-TEC Energy has a one year low of $6.10 and a one year high of $15.01.

ADS-TEC Energy Company Profile

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.