Advent Technologies Holdings, Inc. (NASDAQ:ADN) Short Interest Update

Advent Technologies Holdings, Inc. (NASDAQ:ADN) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 52,500 shares, a growth of 33.9% from the October 15th total of 39,200 shares. Based on an average trading volume of 1,120,000 shares, the short-interest ratio is presently 0.0 days. Currently, 2.4% of the company’s shares are short sold.

Advent Technologies Stock Down 16.5 %

Shares of Advent Technologies stock opened at $6.07 on Friday. The stock’s fifty day moving average is $2.63 and its two-hundred day moving average is $12.01. Advent Technologies has a 52 week low of $1.71 and a 52 week high of $18.90. The company has a market capitalization of $16.00 million, a PE ratio of -0.23 and a beta of 0.11.

Advent Technologies (NASDAQ:ADN) last posted its quarterly earnings results on Tuesday, October 15th. The company reported ($4.28) EPS for the quarter. The company had revenue of $0.81 million during the quarter. Advent Technologies had a negative return on equity of 442.47% and a negative net margin of 828.45%.

Hedge Funds Weigh In On Advent Technologies

A hedge fund recently bought a new stake in Advent Technologies stock. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Advent Technologies Holdings, Inc. (NASDAQ:ADN) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 355,687 shares of the company’s stock, valued at approximately $64,000. Mirae Asset Global Investments Co. Ltd. owned approximately 0.57% of Advent Technologies at the end of the most recent reporting period. 17.52% of the stock is owned by institutional investors.

About Advent Technologies

Advent Technologies Holdings, Inc, an advanced materials and technology development company, operates in the fuel cell and hydrogen technology markets in North America, Europe, and Asia. It develops, manufactures, and assembles fuel cell systems and critical components that determine the performance of hydrogen fuel cells and other energy systems.