ADS-TEC Energy PLC (NASDAQ:ADSE) Short Interest Up 96.2% in March

ADS-TEC Energy PLC (NASDAQ:ADSE) saw a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 115,000 shares, a growth of 96.2% from the February 29th total of 58,600 shares. Based on an average daily volume of 79,900 shares, the short-interest ratio is presently 1.4 days. Approximately 0.6% of the company’s shares are short sold.

Institutional Investors Weigh In On ADS-TEC Energy

Several large investors have recently added to or reduced their stakes in ADSE. Citadel Advisors LLC acquired a new position in shares of ADS-TEC Energy in the fourth quarter worth $290,000. Raymond James & Associates boosted its holdings in ADS-TEC Energy by 22.0% in the fourth quarter. Raymond James & Associates now owns 286,090 shares of the company’s stock valued at $2,046,000 after purchasing an additional 51,536 shares during the period. Osaic Holdings Inc. raised its position in ADS-TEC Energy by 362.8% in the 2nd quarter. Osaic Holdings Inc. now owns 5,230 shares of the company’s stock valued at $33,000 after purchasing an additional 4,100 shares in the last quarter. Geode Capital Management LLC raised its position in ADS-TEC Energy by 53.3% in the 2nd quarter. Geode Capital Management LLC now owns 22,551 shares of the company’s stock valued at $144,000 after purchasing an additional 7,842 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of ADS-TEC Energy in the 3rd quarter valued at about $134,000. 51.65% of the stock is owned by hedge funds and other institutional investors.

ADS-TEC Energy Price Performance

Shares of ADSE opened at $10.48 on Friday. The company’s 50-day simple moving average is $9.28 and its 200-day simple moving average is $7.69. ADS-TEC Energy has a 1 year low of $1.90 and a 1 year high of $11.48.

About ADS-TEC Energy

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.