Short Interest in ADS-TEC Energy PLC (NASDAQ:ADSE) Decreases By 13.0%

ADS-TEC Energy PLC (NASDAQ:ADSE) saw a significant decline in short interest in April. As of April 15th, there was short interest totalling 146,800 shares, a decline of 13.0% from the March 31st total of 168,700 shares. Based on an average trading volume of 76,500 shares, the short-interest ratio is presently 1.9 days. Approximately 0.7% of the shares of the stock are short sold.

ADS-TEC Energy Stock Performance

ADSE opened at $10.90 on Tuesday. The stock’s 50 day simple moving average is $10.47 and its 200 day simple moving average is $8.23. ADS-TEC Energy has a 1 year low of $2.13 and a 1 year high of $11.48.

Hedge Funds Weigh In On ADS-TEC Energy

A hedge fund recently raised its stake in ADS-TEC Energy stock. Raymond James & Associates raised its holdings in shares of ADS-TEC Energy PLC (NASDAQ:ADSE) by 22.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 286,090 shares of the company’s stock after acquiring an additional 51,536 shares during the quarter. Raymond James & Associates owned approximately 0.58% of ADS-TEC Energy worth $2,046,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 51.65% of the company’s stock.

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.