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

ADS-TEC Energy PLC (NASDAQ:ADSE) saw a significant increase in short interest in the month of October. As of October 31st, there was short interest totalling 522,700 shares, an increase of 183.8% from the October 15th total of 184,200 shares. Based on an average trading volume of 114,000 shares, the short-interest ratio is presently 4.6 days. Approximately 2.3% of the shares of the company are short sold.

Hedge Funds Weigh In On ADS-TEC Energy

An institutional investor recently raised its position in ADS-TEC Energy stock. Mirabella Financial Services LLP grew its position in ADS-TEC Energy PLC (NASDAQ:ADSE) by 10.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 682,455 shares of the company’s stock after purchasing an additional 67,043 shares during the period. Mirabella Financial Services LLP owned approximately 1.35% of ADS-TEC Energy worth $9,131,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 51.65% of the company’s stock.

ADS-TEC Energy Trading Up 2.1 %

Shares of ADS-TEC Energy stock opened at $13.66 on Friday. ADS-TEC Energy has a twelve month low of $6.10 and a twelve month high of $15.01. The business’s 50 day simple moving average is $13.22 and its 200-day simple moving average is $12.34.

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.