ADS-TEC Energy PLC (NASDAQ:ADSE) Short Interest Down 48.0% in February

ADS-TEC Energy PLC (NASDAQ:ADSE) was the recipient of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 387,500 shares, a drop of 48.0% from the February 13th total of 745,200 shares. Based on an average daily trading volume, of 150,900 shares, the short-interest ratio is currently 2.6 days. Currently, 1.7% of the company’s stock are short sold.

ADS-TEC Energy Price Performance

Shares of ADSE stock opened at $13.72 on Friday. ADS-TEC Energy has a 52-week low of $9.52 and a 52-week high of $16.35. The company’s 50 day moving average is $15.01 and its 200 day moving average is $14.05.

Analyst Ratings Changes

Separately, Roth Capital raised shares of ADS-TEC Energy from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 19th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mirabella Financial Services LLP lifted its stake in shares of ADS-TEC Energy by 10.9% during the 3rd quarter. Mirabella Financial Services LLP now owns 682,455 shares of the company’s stock worth $9,131,000 after purchasing an additional 67,043 shares during the last quarter. Geode Capital Management LLC grew its stake in ADS-TEC Energy by 15.0% in the third quarter. Geode Capital Management LLC now owns 31,801 shares of the company’s stock valued at $425,000 after purchasing an additional 4,154 shares during the last quarter. GAMMA Investing LLC bought a new position in ADS-TEC Energy in the fourth quarter worth about $69,000. Raymond James Financial Inc. purchased a new stake in shares of ADS-TEC Energy during the fourth quarter valued at about $621,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of ADS-TEC Energy by 132.6% in the 4th quarter. JPMorgan Chase & Co. now owns 2,079 shares of the company’s stock valued at $32,000 after buying an additional 1,185 shares in the last quarter. 51.65% of the stock is currently owned by hedge funds and other institutional investors.

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.