Short Interest in ADS-TEC Energy PLC (NASDAQ:ADSE) Decreases By 39.1%

ADS-TEC Energy PLC (NASDAQ:ADSE) saw a large decline in short interest in the month of August. As of August 15th, there was short interest totalling 64,800 shares, a decline of 39.1% from the July 31st total of 106,400 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 70,400 shares, the short-interest ratio is currently 0.9 days.

Institutional Investors Weigh In On ADS-TEC Energy

A hedge fund recently bought a new stake in ADS-TEC Energy stock. Crewe Advisors LLC purchased a new stake in shares of ADS-TEC Energy PLC (NASDAQ:ADSE) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 14,200 shares of the company’s stock, valued at approximately $149,000. Institutional investors own 51.65% of the company’s stock.

Analyst Ratings Changes

Separately, Roth Mkm reissued a “neutral” rating and issued a $14.00 price objective on shares of ADS-TEC Energy in a research report on Wednesday, May 15th.

ADS-TEC Energy Trading Up 0.8 %

ADSE opened at $13.26 on Friday. ADS-TEC Energy has a fifty-two week low of $5.81 and a fifty-two week high of $13.50. The firm’s fifty day moving average price is $12.52 and its two-hundred day moving average price is $11.28.

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.