Advent Technologies Holdings, Inc. (NASDAQ:ADN) Short Interest Update – MarketBeat
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Advent Technologies Holdings, Inc. (NASDAQ:ADN – Get Rating) was the target of a large drop in short interest during the month of August. As of August 15th, there was short interest totalling 1,360,000 shares, a drop of 22.3% from the July 31st total of 1,750,000 shares. Currently, 5.3% of the company’s stock are short sold. Based on an average daily volume of 6,760,000 shares, the short-interest ratio is presently 0.2 days.
Analyst Upgrades and Downgrades
Separately, Jefferies Financial Group decreased their target price on shares of Advent Technologies from $11.20 to $4.00 in a research note on Thursday, June 16th.
Advent Technologies Trading Down 5.9 %
Shares of NASDAQ:ADN opened at $2.72 on Friday. The stock has a 50 day moving average of $2.77 and a 200 day moving average of $2.46. The company has a market cap of $140.38 million, a PE ratio of -3.83 and a beta of 0.08. Advent Technologies has a 12-month low of $1.13 and a 12-month high of $10.04.
Advent Technologies (NASDAQ:ADN – Get Rating) last announced its quarterly earnings data on Tuesday, August 9th. The company reported ($0.22) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.02. Advent Technologies had a negative net margin of 440.98% and a negative return on equity of 38.74%. During the same quarter in the prior year, the business posted ($0.15) EPS. Equities research analysts predict that Advent Technologies will post -0.88 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Advent Technologies
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC grew its holdings in Advent Technologies by 1,244.1% during the 1st quarter. Renaissance Technologies LLC now owns 557,798 shares of the company’s stock valued at $1,294,000 after buying an additional 516,298 shares in the last quarter. Millennium Management LLC increased its position in Advent Technologies by 120.5% in the second quarter. Millennium Management LLC now owns 582,085 shares of the company’s stock worth $1,467,000 after purchasing an additional 318,159 shares during the last quarter. BlackRock Inc. raised its stake in Advent Technologies by 19.4% during the first quarter. BlackRock Inc. now owns 1,752,786 shares of the company’s stock valued at $4,067,000 after purchasing an additional 285,184 shares in the last quarter. Penserra Capital Management LLC grew its stake in shares of Advent Technologies by 106.7% in the 4th quarter. Penserra Capital Management LLC now owns 439,384 shares of the company’s stock worth $3,080,000 after buying an additional 226,763 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of Advent Technologies in the 1st quarter worth about $485,000. Institutional investors own 38.81% of the company’s stock.
Advent Technologies Company Profile
(Get Rating)
Advent Technologies Holdings, Inc, an advanced materials and technology development company, operates in the fuel cell and hydrogen technology markets. 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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