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

Advent Technologies Holdings, Inc. (NASDAQ:ADN) was the recipient of a significant drop in short interest in April. As of April 15th, there was short interest totalling 2,500,000 shares, a drop of 8.4% from the March 31st total of 2,730,000 shares. Based on an average trading volume of 1,190,000 shares, the days-to-cover ratio is presently 2.1 days. Currently, 4.0% of the company’s stock are short sold.

Advent Technologies Stock Down 15.5 %

Shares of NASDAQ:ADN opened at $0.12 on Wednesday. The firm’s 50 day moving average price is $0.18 and its 200 day moving average price is $0.26. The stock has a market cap of $7.80 million, a price-to-earnings ratio of -0.07 and a beta of 0.10. Advent Technologies has a fifty-two week low of $0.12 and a fifty-two week high of $1.13.

Institutional Trading of Advent Technologies

An institutional investor recently raised its position in Advent Technologies stock. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Advent Technologies Holdings, Inc. (NASDAQ:ADN) by 19.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 201,298 shares of the company’s stock after purchasing an additional 33,010 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned approximately 0.34% of Advent Technologies worth $79,000 as of its most recent filing with the Securities and Exchange Commission. 17.52% of the stock is owned by institutional investors and hedge funds.

Advent Technologies Company Profile

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.