ADS-TEC Energy PLC (NASDAQ:ADSE) Sees Large Growth in Short Interest

ADS-TEC Energy PLC (NASDAQ:ADSE) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 85,900 shares, an increase of 32.6% from the August 15th total of 64,800 shares. Based on an average daily volume of 80,000 shares, the short-interest ratio is currently 1.1 days. Currently, 0.4% of the shares of the company are short sold.

Hedge Funds Weigh In On ADS-TEC Energy

A hedge fund recently bought a new stake in ADS-TEC Energy stock. Crewe Advisors LLC acquired a new position in shares of ADS-TEC Energy PLC (NASDAQ:ADSE) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 14,200 shares of the company’s stock, valued at approximately $149,000. Institutional investors own 51.65% of the company’s stock.

ADS-TEC Energy Stock Performance

ADSE stock opened at $12.90 on Friday. The company’s 50-day simple moving average is $12.64 and its 200 day simple moving average is $11.51. ADS-TEC Energy has a 52 week low of $5.81 and a 52 week high of $13.50.

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.