Advent Technologies Holdings, Inc. (NASDAQ:ADN) Sees Significant Decline in Short Interest

Advent Technologies Holdings, Inc. (NASDAQ:ADNGet Free Report) saw a large drop in short interest in the month of February. As of February 28th, there was short interest totalling 98,700 shares, a drop of 22.7% from the February 13th total of 127,700 shares. Based on an average trading volume of 25,500 shares, the short-interest ratio is presently 3.9 days. Currently, 3.9% of the shares of the company are short sold.

Advent Technologies Stock Up 2.5 %

Shares of Advent Technologies stock opened at $4.52 on Monday. Advent Technologies has a 52 week low of $1.71 and a 52 week high of $8.79. The company has a market capitalization of $11.91 million, a price-to-earnings ratio of -0.17 and a beta of 0.48. The stock’s 50-day simple moving average is $5.25 and its 200-day simple moving average is $4.28.

Advent Technologies (NASDAQ:ADNGet Free Report) last posted its earnings results on Friday, December 27th. The company reported ($3.65) earnings per share for the quarter. Advent Technologies had a negative net margin of 1,101.58% and a negative return on equity of 442.47%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Advent Technologies stock. Geode Capital Management LLC increased its holdings in Advent Technologies Holdings, Inc. (NASDAQ:ADNFree Report) by 15.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,239 shares of the company’s stock after buying an additional 2,723 shares during the period. Geode Capital Management LLC owned about 0.77% of Advent Technologies worth $101,000 as of its most recent filing with the Securities & Exchange Commission. 17.52% of the stock is currently owned by institutional investors and hedge funds.

Advent Technologies Company Profile

(Get Free Report)

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.

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