ADS-TEC Energy PLC (NASDAQ:ADSE – Get Free Report) was the target of a significant growth in short interest during 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. Based on an average trading volume of 31,583 shares, the short-interest ratio is presently 3.5 days. Currently, 0.1% of the company’s shares are short sold.
Analysts Set New Price Targets
A number of research firms recently commented on ADSE. Wall Street Zen raised shares of 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. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, ADS-TEC Energy has an average rating of “Sell”.
Check Out Our Latest Stock Report on ADS-TEC Energy
ADS-TEC Energy Price Performance
NASDAQ ADSE traded down $0.18 during trading on Monday, reaching $9.64. 10,760 shares of the company’s stock were exchanged, compared to its average volume of 16,502. The business has a 50 day moving average price of $10.63 and a 200-day moving average price of $11.33. ADS-TEC Energy has a fifty-two week low of $8.51 and a fifty-two 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) earnings per share (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.
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