Short Interest in Advent Technologies Holdings, Inc. (NASDAQ:ADN) Drops By 40.8%

Advent Technologies Holdings, Inc. (NASDAQ:ADNGet Free Report) saw a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 58,400 shares, a decrease of 40.8% from the February 28th total of 98,700 shares. Approximately 2.3% of the shares of the stock are sold short. Based on an average trading volume of 22,600 shares, the short-interest ratio is presently 2.6 days.

Advent Technologies Price Performance

NASDAQ ADN opened at $4.76 on Friday. Advent Technologies has a 52-week low of $1.71 and a 52-week high of $8.79. The company has a 50 day simple moving average of $5.03 and a 200-day simple moving average of $4.44. The firm has a market capitalization of $12.55 million, a price-to-earnings ratio of -0.18 and a beta of 0.48.

Advent Technologies (NASDAQ:ADNGet Free Report) last announced its quarterly earnings results on Friday, December 27th. The company reported ($3.65) EPS for the quarter. Advent Technologies had a negative net margin of 1,101.58% and a negative return on equity of 442.47%.

Institutional Trading of Advent Technologies

A hedge fund recently raised its stake in Advent Technologies stock. Geode Capital Management LLC grew its stake in Advent Technologies Holdings, Inc. (NASDAQ:ADNFree Report) by 15.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,239 shares of the company’s stock after purchasing an additional 2,723 shares during the period. Geode Capital Management LLC owned about 0.77% of Advent Technologies worth $101,000 as of its most recent SEC filing. 17.52% of the stock is owned by institutional investors and hedge funds.

Advent Technologies Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Advent Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advent Technologies and related companies with MarketBeat.com's FREE daily email newsletter.