ADS-TEC Energy PLC (NASDAQ:ADSE) Short Interest Up 9.0% in December

ADS-TEC Energy PLC (NASDAQ:ADSE) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 593,900 shares, a growth of 9.0% from the November 30th total of 545,000 shares. Approximately 2.6% of the shares of the stock are sold short. Based on an average daily volume of 97,600 shares, the short-interest ratio is presently 6.1 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in ADS-TEC Energy stock. Geode Capital Management LLC grew its stake in shares of ADS-TEC Energy PLC (NASDAQ:ADSE) by 15.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 31,801 shares of the company’s stock after buying an additional 4,154 shares during the period. Geode Capital Management LLC owned 0.06% of ADS-TEC Energy worth $425,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 51.65% of the company’s stock.

ADS-TEC Energy Price Performance

Shares of NASDAQ ADSE opened at $15.51 on Thursday. The company’s 50-day moving average price is $13.96 and its 200 day moving average price is $13.05. ADS-TEC Energy has a 52 week low of $6.25 and a 52 week high of $15.60.

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.