ADS-TEC Energy PLC (NASDAQ:ADSE) Shares Shorted: Short Interest Up 63.2% in October

ADS-TEC Energy PLC (NASDAQ:ADSE) saw a large growth in short interest during the month of October. As of October 15th, there was short interest totaling 111,742 shares, a growth of 63.2% from the September 30th total of 68,482 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 31,583 shares, the short-interest ratio is presently 3.5 days.

ADS-TEC Energy Stock Performance

ADSE stock traded down $0.18 on Monday, hitting $9.64. 10,760 shares of the company were exchanged, compared to its average volume of 16,502. ADS-TEC Energy has a twelve month low of $8.51 and a twelve month high of $13.50. The business’s fifty day moving average is $10.63 and its two-hundred day moving average is $11.33.

ADS-TEC Energy (NASDAQ:ADSE) last issued its earnings results on Wednesday, September 30th. The company reported ($0.37) EPS for the quarter. The firm had revenue of $4.20 million during the quarter.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of ADS-TEC Energy in a research note on Thursday. Wall Street Zen raised ADS-TEC Energy to a “sell” rating in a research report on Saturday, October 24th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, ADS-TEC Energy currently has a consensus rating of “Sell”.

ADS-TEC Energy Company Profile

ADS-TEC Energy plc (NASDAQ: ADSE) develops battery-based energy storage and fast-charging technology for electric vehicles. Its systems are designed to enable high-power charging at locations where the local electrical grid may not have sufficient capacity for a traditional charging installation.

The company’s product portfolio includes the ChargePost and ChargeBox platforms, which combine battery storage, power electronics and charging equipment. These systems can store electricity and deliver it rapidly to electric vehicles, helping reduce the need for costly grid upgrades.