Short Interest in Advent Technologies Holdings, Inc. (NASDAQ:ADN) Expands By 34.1% – MarketBeat
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Advent Technologies Holdings, Inc. (NASDAQ:ADN – Get Rating) was the recipient of a significant growth in short interest in September. As of September 30th, there was short interest totalling 1,690,000 shares, a growth of 34.1% from the September 15th total of 1,260,000 shares. Approximately 6.5% of the shares of the stock are sold short. Based on an average daily volume of 1,770,000 shares, the days-to-cover ratio is currently 1.0 days.
Hedge Funds Weigh In On Advent Technologies
Several institutional investors have recently added to or reduced their stakes in ADN. Qube Research & Technologies Ltd bought a new stake in Advent Technologies during the 1st quarter valued at $56,000. Verition Fund Management LLC acquired a new stake in Advent Technologies during the 1st quarter worth about $62,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Advent Technologies by 39.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 158,986 shares of the company’s stock valued at $369,000 after buying an additional 44,908 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Advent Technologies by 18.2% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 223,974 shares of the company’s stock valued at $520,000 after buying an additional 34,518 shares during the period. Finally, UBS Group AG raised its holdings in Advent Technologies by 21.6% in the 2nd quarter. UBS Group AG now owns 19,395 shares of the company’s stock worth $49,000 after purchasing an additional 3,443 shares during the period. Hedge funds and other institutional investors own 34.91% of the company’s stock.
Advent Technologies Trading Down 3.8 %
NASDAQ:ADN opened at $2.05 on Friday. Advent Technologies has a 12-month low of $1.13 and a 12-month high of $10.04. The stock has a 50-day moving average price of $2.99 and a 200 day moving average price of $2.49. The stock has a market capitalization of $105.80 million, a P/E ratio of -2.89 and a beta of 0.03.
Advent Technologies (NASDAQ:ADN – Get Rating) last released its earnings results on Tuesday, August 9th. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.24) by $0.02. The firm had revenue of $2.23 million during the quarter. Advent Technologies had a negative return on equity of 38.74% and a negative net margin of 440.98%. During the same quarter in the prior year, the business posted ($0.15) EPS. On average, research analysts predict that Advent Technologies will post -0.88 earnings per share for the current fiscal year.
About Advent Technologies
(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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