ADS-TEC Energy PLC (NASDAQ:ADSE) Short Interest Update

ADS-TEC Energy PLC (NASDAQ:ADSE) saw a significant drop in short interest in October. As of October 15th, there was short interest totaling 89,500 shares, a drop of 27.8% from the September 30th total of 123,900 shares. Based on an average daily volume of 87,100 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.3% of the company’s stock are short sold. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 87,100 shares, the days-to-cover ratio is currently 1.0 days.

ADS-TEC Energy Price Performance

Shares of NASDAQ ADSE traded down $0.59 during mid-day trading on Monday, reaching $10.83. 25,953 shares of the company traded hands, compared to its average volume of 106,854. The stock has a fifty day simple moving average of $10.65 and a 200-day simple moving average of $11.57. ADS-TEC Energy has a fifty-two week low of $7.89 and a fifty-two week high of $16.35.

Hedge Funds Weigh In On ADS-TEC Energy

A number of large investors have recently made changes to their positions in ADSE. Bank of America Corp DE acquired a new stake in ADS-TEC Energy in the 4th quarter valued at approximately $53,000. Simplex Trading LLC bought a new stake in ADS-TEC Energy in the second quarter valued at $83,000. JPMorgan Chase & Co. grew its stake in ADS-TEC Energy by 33.3% during the second quarter. JPMorgan Chase & Co. now owns 12,552 shares of the company’s stock worth $173,000 after buying an additional 3,133 shares during the last quarter. First Trust Advisors LP raised its position in ADS-TEC Energy by 2.4% in the 2nd quarter. First Trust Advisors LP now owns 136,682 shares of the company’s stock valued at $1,886,000 after purchasing an additional 3,183 shares during the last quarter. Finally, Mirabella Financial Services LLP grew its holdings in ADS-TEC Energy by 7.0% during the 2nd quarter. Mirabella Financial Services LLP now owns 16,480,469 shares of the company’s stock worth $227,352,000 after acquiring an additional 1,076,423 shares during the last quarter. Institutional investors and hedge funds own 51.65% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on ADSE. Weiss Ratings restated a “sell (d-)” rating on shares of ADS-TEC Energy in a research note on Wednesday, October 8th. Wall Street Zen raised shares of ADS-TEC Energy from a “sell” rating to a “hold” rating in a research note on Friday, September 26th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

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.