Short Interest in ADS-TEC Energy PLC (NASDAQ:ADSE) Declines By 48.0%

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

ADS-TEC Energy Stock Down 2.3 %

NASDAQ ADSE 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 has a fifty day moving average of $15.01 and a two-hundred day moving average of $14.05.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On ADS-TEC Energy

A number of large investors have recently made changes to their positions in ADSE. Mirabella Financial Services LLP lifted its stake in ADS-TEC Energy by 10.9% in the third 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 raised its holdings in shares of ADS-TEC Energy by 15.0% in the third quarter. Geode Capital Management LLC now owns 31,801 shares of the company’s stock worth $425,000 after buying an additional 4,154 shares during the period. GAMMA Investing LLC bought a new stake in shares of ADS-TEC Energy during the 4th quarter worth approximately $69,000. Raymond James Financial Inc. purchased a new position in ADS-TEC Energy during the 4th quarter valued at $621,000. Finally, JPMorgan Chase & Co. grew its position in 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 acquiring an additional 1,185 shares during the last quarter. 51.65% of the stock is 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.