ADS-TEC Energy PLC (NASDAQ:ADSE) Short Interest Down 24.7% in December

ADS-TEC Energy PLC (NASDAQ:ADSE) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 84,728 shares, a drop of 24.7% from the December 15th total of 112,543 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 42,452 shares, the short-interest ratio is currently 2.0 days. Based on an average daily volume of 42,452 shares, the short-interest ratio is currently 2.0 days. Approximately 0.2% of the company’s stock are short sold.

Hedge Funds Weigh In On ADS-TEC Energy

A number of hedge funds have recently bought and sold shares of ADSE. Mirabella Financial Services LLP increased its holdings in ADS-TEC Energy by 7.0% in the second quarter. Mirabella Financial Services LLP now owns 16,480,469 shares of the company’s stock valued at $227,352,000 after buying an additional 1,076,423 shares during the last quarter. Simplex Trading LLC acquired a new position in shares of ADS-TEC Energy in the 2nd quarter worth approximately $83,000. First Trust Advisors LP increased its holdings in shares of 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 acquiring an additional 3,183 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of ADS-TEC Energy by 33.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 12,552 shares of the company’s stock valued at $173,000 after acquiring an additional 3,133 shares in the last quarter. Finally, Bank of America Corp DE bought a new position in ADS-TEC Energy during the fourth quarter worth $53,000. 51.65% of the stock is currently owned by institutional investors and hedge funds.

ADS-TEC Energy Trading Up 7.2%

NASDAQ ADSE opened at $12.43 on Friday. ADS-TEC Energy has a 12 month low of $7.89 and a 12 month high of $16.35. The company’s fifty day moving average price is $11.83 and its two-hundred day moving average price is $11.30.

Wall Street Analysts Forecast Growth

ADSE has been the subject of a number of recent analyst reports. Wall Street Zen raised shares of ADS-TEC Energy from a “sell” rating to a “hold” rating in a report on Friday, September 26th. Weiss Ratings restated a “sell (d-)” rating on shares of ADS-TEC Energy in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, ADS-TEC Energy currently has an average rating of “Moderate Buy”.

ADS-TEC Energy Company Profile

ADS-TEC Energy GmbH is a Germany-based developer of advanced energy storage systems and high-power electric vehicle (EV) charging solutions. Founded in 2009, the company specializes in modular, scalable battery technologies designed to enhance grid stability and support the integration of renewable energy sources through its patented Prism storage cell technology.

ADS-TEC Energy’s product range includes turnkey containerized storage units, Smart Batteries with integrated energy management, and high-speed charging stations equipped with onboard energy buffers.