Advent Technologies Holdings, Inc. (NASDAQ:ADN) Sees Large Drop in Short Interest

Advent Technologies Holdings, Inc. (NASDAQ:ADN) saw a large drop in short interest in April. As of April 15th, there was short interest totalling 2,500,000 shares, a drop of 8.4% from the March 31st total of 2,730,000 shares. Currently, 4.0% of the shares of the stock are sold short. Based on an average daily volume of 1,190,000 shares, the short-interest ratio is currently 2.1 days.

Advent Technologies Trading Down 7.4 %

NASDAQ:ADN opened at $0.15 on Monday. The firm has a market cap of $9.48 million, a price-to-earnings ratio of -0.09 and a beta of 0.10. The company has a 50-day moving average of $0.18 and a 200-day moving average of $0.26. Advent Technologies has a twelve month low of $0.15 and a twelve month high of $1.13.

Institutional Trading of Advent Technologies

An institutional investor recently raised its position in Advent Technologies stock. Mirae Asset Global Investments Co. Ltd. raised its holdings in Advent Technologies Holdings, Inc. (NASDAQ:ADN) by 19.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 201,298 shares of the company’s stock after buying an additional 33,010 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.34% of Advent Technologies worth $79,000 as of its most recent SEC filing. Institutional investors and hedge funds own 17.52% of the company’s stock.

About Advent Technologies

Advent Technologies Holdings, Inc, an advanced materials and technology development company, operates in the fuel cell and hydrogen technology markets in North America, Europe, and Asia. It develops, manufactures, and assembles fuel cell systems and critical components that determine the performance of hydrogen fuel cells and other energy systems.