Advent Technologies Holdings, Inc. (NASDAQ:ADN) Sees Large Decline in Short Interest

Advent Technologies Holdings, Inc. (NASDAQ:ADN) was the target of a significant decrease in short interest in the month of February. As of February 28th, there was short interest totalling 98,700 shares, a decrease of 22.7% from the February 13th total of 127,700 shares. Approximately 3.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 25,500 shares, the days-to-cover ratio is currently 3.9 days.

Advent Technologies Stock Up 9.6 %

Shares of ADN stock opened at $5.35 on Wednesday. The stock has a 50-day simple moving average of $5.21 and a 200 day simple moving average of $4.31. Advent Technologies has a fifty-two week low of $1.71 and a fifty-two week high of $8.79. The stock has a market capitalization of $14.10 million, a P/E ratio of -0.20 and a beta of 0.48.

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

Institutional Investors Weigh In On Advent Technologies

A hedge fund recently raised its stake in Advent Technologies stock. Geode Capital Management LLC grew its stake in shares of Advent Technologies Holdings, Inc. (NASDAQ:ADN) by 15.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 currently owned by hedge funds and other institutional investors.

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.