Advent Technologies Holdings, Inc. (NASDAQ:ADN) Sees Significant Increase in Short Interest

Advent Technologies Holdings, Inc. (NASDAQ:ADN) was the target of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 52,500 shares, an increase of 33.9% from the October 15th total of 39,200 shares. Based on an average daily volume of 1,120,000 shares, the short-interest ratio is presently 0.0 days. Currently, 2.4% of the shares of the company are short sold.

Institutional Investors Weigh In On Advent Technologies

A hedge fund recently bought a new stake in Advent Technologies stock. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Advent Technologies Holdings, Inc. (NASDAQ:ADN) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 355,687 shares of the company’s stock, valued at approximately $64,000. Mirae Asset Global Investments Co. Ltd. owned approximately 0.57% of Advent Technologies at the end of the most recent reporting period. 17.52% of the stock is currently owned by hedge funds and other institutional investors.

Advent Technologies Price Performance

ADN stock opened at $7.27 on Friday. The business’s fifty day moving average price is $2.55 and its two-hundred day moving average price is $12.00. The stock has a market capitalization of $19.19 million, a price-to-earnings ratio of -0.28 and a beta of 0.11. Advent Technologies has a fifty-two week low of $1.71 and a fifty-two week high of $18.90.

Advent Technologies (NASDAQ:ADN) last released its quarterly earnings results on Tuesday, October 15th. The company reported ($4.28) EPS for the quarter. The business had revenue of $0.81 million for the quarter. Advent Technologies had a negative return on equity of 442.47% and a negative net margin of 828.45%.

Advent Technologies Company Profile

Advent Technologies Holdings, Inc, an advanced materials and technology development company, operates in the fuel cell and hydrogen technology markets in North America, Europe, and Asia. It develops, manufactures, and assembles fuel cell systems and critical components that determine the performance of hydrogen fuel cells and other energy systems.