ADS-TEC Energy PLC (NASDAQ:ADSE) Short Interest Down 12.2% in February

ADS-TEC Energy PLC (NASDAQ:ADSE) was the recipient of a large decrease in short interest during the month of February. As of February 15th, there was short interest totalling 745,200 shares, a decrease of 12.2% from the January 31st total of 848,800 shares. Currently, 3.2% of the shares of the company are short sold. Based on an average daily volume of 141,500 shares, the days-to-cover ratio is presently 5.3 days.

ADS-TEC Energy Trading Up 0.1 %

ADSE opened at $14.42 on Thursday. ADS-TEC Energy has a 1-year low of $9.52 and a 1-year high of $16.35. The company has a 50 day simple moving average of $15.12 and a two-hundred day simple moving average of $13.97.

Analysts Set New Price Targets

Separately, Roth Capital raised ADS-TEC Energy from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 19th.

Institutional Investors Weigh In On ADS-TEC Energy

A number of institutional investors have recently bought and sold shares of ADSE. JPMorgan Chase & Co. boosted its stake in ADS-TEC Energy by 132.6% in the 4th quarter. JPMorgan Chase & Co. now owns 2,079 shares of the company’s stock worth $32,000 after purchasing an additional 1,185 shares during the period. Bank of America Corp DE purchased a new stake in ADS-TEC Energy in the 4th quarter worth $53,000. GAMMA Investing LLC purchased a new position in shares of ADS-TEC Energy during the fourth quarter valued at about $69,000. Renaissance Technologies LLC bought a new stake in shares of ADS-TEC Energy in the fourth quarter worth about $313,000. Finally, Geode Capital Management LLC lifted its position in shares of ADS-TEC Energy by 15.0% in the third quarter. Geode Capital Management LLC now owns 31,801 shares of the company’s stock worth $425,000 after buying an additional 4,154 shares in the last quarter. Hedge funds and other institutional investors own 51.65% of the company’s stock.

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.