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

ADS-TEC Energy PLC (NASDAQ:ADSE) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 593,900 shares, an increase of 9.0% from the November 30th total of 545,000 shares. Currently, 2.6% of the company’s shares are sold short. Based on an average trading volume of 97,600 shares, the days-to-cover ratio is presently 6.1 days.

Institutional Trading of ADS-TEC Energy

An institutional investor recently raised its position in ADS-TEC Energy stock. Mirabella Financial Services LLP raised its stake in shares of ADS-TEC Energy PLC (NASDAQ:ADSE) by 10.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 682,455 shares of the company’s stock after acquiring 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. Institutional investors and hedge funds own 51.65% of the company’s stock.

ADS-TEC Energy Stock Performance

NASDAQ:ADSE opened at $15.04 on Tuesday. ADS-TEC Energy has a 52 week low of $6.25 and a 52 week high of $15.04. The stock’s fifty day moving average is $13.91 and its two-hundred day moving average is $12.99.

About ADS-TEC Energy

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.