ADS-TEC Energy PLC (NASDAQ:ADSE) Short Interest Down 16.3% in February

ADS-TEC Energy PLC (NASDAQ:ADSE) was the target of a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 57,882 shares, a drop of 16.3% from the January 29th total of 69,168 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 12,346 shares, the short-interest ratio is presently 4.7 days. Based on an average trading volume of 12,346 shares, the short-interest ratio is presently 4.7 days. Approximately 0.1% of the shares of the stock are sold short.

ADS-TEC Energy Trading Down 5.2%

Shares of ADSE stock opened at $10.62 on Wednesday. The firm’s 50-day simple moving average is $11.70 and its 200-day simple moving average is $11.26. ADS-TEC Energy has a 1-year low of $7.89 and a 1-year high of $15.18.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of ADS-TEC Energy in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, ADS-TEC Energy currently has a consensus rating of “Sell”.

Institutional Trading of ADS-TEC Energy

Several institutional investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets increased its holdings in shares of ADS-TEC Energy by 1,205.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,611 shares of the company’s stock worth $31,000 after buying an additional 2,411 shares during the last quarter. Bank of America Corp DE purchased a new stake in ADS-TEC Energy during the fourth quarter valued at about $53,000. Simplex Trading LLC acquired a new stake in ADS-TEC Energy during the second quarter worth about $83,000. JPMorgan Chase & Co. raised its holdings in shares of ADS-TEC Energy by 33.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 12,552 shares of the company’s stock worth $173,000 after purchasing an additional 3,133 shares during the period. Finally, First Trust Advisors LP lifted its stake 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 purchasing an additional 3,183 shares in the last quarter. 51.65% of the stock is owned by hedge funds and other institutional investors.

About ADS-TEC Energy

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.