ADS-TEC Energy PLC (NASDAQ:ADSE – Get Free Report) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 111,742 shares, a growth of 63.2% from the September 30th total of 68,482 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 31,583 shares, the short-interest ratio is currently 3.5 days.
ADS-TEC Energy Trading Up 3.3%
Shares of NASDAQ:ADSE opened at $9.10 on Wednesday. The business’s 50 day simple moving average is $10.54 and its two-hundred day simple moving average is $11.30. ADS-TEC Energy has a 52-week low of $8.51 and a 52-week high of $13.50.
ADS-TEC Energy (NASDAQ:ADSE – Get Free Report) last released its quarterly earnings data on Wednesday, September 30th. The company reported ($0.37) EPS for the quarter. The firm had revenue of $4.20 million during the quarter.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on the company. Wall Street Zen raised ADS-TEC Energy to a “sell” rating in a research note on Saturday, October 24th. Weiss Ratings restated a “sell (d-)” rating on shares of ADS-TEC Energy in a report on Thursday, October 29th. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock has a consensus rating of “Sell”.
Get Our Latest Report on ADS-TEC Energy
About ADS-TEC Energy
ADS-TEC Energy plc (NASDAQ: ADSE) develops battery-based energy storage and fast-charging technology for electric vehicles. Its systems are designed to enable high-power charging at locations where the local electrical grid may not have sufficient capacity for a traditional charging installation.
The company’s product portfolio includes the ChargePost and ChargeBox platforms, which combine battery storage, power electronics and charging equipment. These systems can store electricity and deliver it rapidly to electric vehicles, helping reduce the need for costly grid upgrades.
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