Short Interest in Advent Technologies Holdings, Inc. (NASDAQ:ADN) Grows By 33.9%

Advent Technologies Holdings, Inc. (NASDAQ:ADN) was the recipient of a large increase in short interest in October. As of October 31st, there was short interest totalling 52,500 shares, an increase of 33.9% from the October 15th total of 39,200 shares. Based on an average trading volume of 1,120,000 shares, the days-to-cover ratio is currently 0.0 days. Approximately 2.4% of the company’s stock are short sold.

Hedge Funds Weigh In On Advent Technologies

An institutional investor recently bought a new position in Advent Technologies stock. Mirae Asset Global Investments Co. Ltd. bought a new position in Advent Technologies Holdings, Inc. (NASDAQ:ADN) in the first quarter, according to its most recent filing with the SEC. The firm bought 355,687 shares of the company’s stock, valued at approximately $64,000. Mirae Asset Global Investments Co. Ltd. owned approximately 0.57% of Advent Technologies as of its most recent SEC filing. Institutional investors and hedge funds own 17.52% of the company’s stock.

Advent Technologies Stock Down 16.5 %

NASDAQ:ADN opened at $6.07 on Friday. The firm has a 50 day moving average of $2.63 and a 200 day moving average of $12.01. Advent Technologies has a 52 week low of $1.71 and a 52 week high of $18.90. The stock has a market capitalization of $16.00 million, a price-to-earnings ratio of -0.23 and a beta of 0.11.

Advent Technologies (NASDAQ:ADN) last posted its quarterly earnings data on Tuesday, October 15th. The company reported ($4.28) earnings per share for the quarter. Advent Technologies had a negative return on equity of 442.47% and a negative net margin of 828.45%. The business had revenue of $0.81 million during the quarter.

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.