ADS-TEC Energy PLC (NASDAQ:ADSE – Get Free Report) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 387,500 shares, a decline of 48.0% from the February 13th total of 745,200 shares. Approximately 1.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 150,900 shares, the short-interest ratio is currently 2.6 days.
Institutional Trading of ADS-TEC Energy
A number of large investors have recently made changes to their positions in ADSE. Bank of America Corp DE bought a new position in ADS-TEC Energy during the 4th quarter valued at about $53,000. Robert Bosch GmbH bought a new position in ADS-TEC Energy during the 4th quarter valued at about $162,273,000. Mirabella Financial Services LLP grew its holdings in ADS-TEC Energy by 1,521.8% during the 4th quarter. Mirabella Financial Services LLP now owns 11,067,883 shares of the company’s stock valued at $171,663,000 after purchasing an additional 10,385,428 shares during the last quarter. Raymond James Financial Inc. bought a new position in ADS-TEC Energy during the 4th quarter valued at about $621,000. Finally, Renaissance Technologies LLC bought a new position in ADS-TEC Energy during the 4th quarter valued at about $313,000. 51.65% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, Roth Capital upgraded shares of ADS-TEC Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 19th.
ADS-TEC Energy Stock Performance
ADS-TEC Energy stock opened at $13.72 on Friday. The company’s 50-day moving average price is $15.01 and its 200-day moving average price is $14.04. ADS-TEC Energy has a twelve month low of $9.52 and a twelve month high of $16.35.
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.
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