ADS-TEC Energy PLC (NASDAQ:ADSE) Stock Short Interest Report for October

ADS-TEC Energy PLC (NASDAQ:ADSE) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 111,742 shares, an increase of 63.2% from the September 30th total of 68,482 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 31,583 shares, the days-to-cover ratio is presently 3.5 days.

Analyst Ratings Changes

Several brokerages recently issued reports on ADSE. Wall Street Zen upgraded shares of ADS-TEC Energy to a “sell” rating in a research report on Saturday, October 24th. Weiss Ratings reiterated a “sell (d-)” rating on shares of ADS-TEC Energy in a research report on Thursday. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, ADS-TEC Energy currently has a consensus rating of “Sell”.

ADS-TEC Energy Stock Performance

Shares of ADSE opened at $8.81 on Tuesday. The business has a 50-day simple moving average of $10.58 and a two-hundred day simple moving average of $11.31. ADS-TEC Energy has a 52 week low of $8.51 and a 52 week high of $13.50.

ADS-TEC Energy (NASDAQ:ADSE) last posted 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.

ADS-TEC Energy Company Profile

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.