Advent Technologies Holdings, Inc. (NASDAQ:ADN) Sees Significant Decline in Short Interest

Advent Technologies Holdings, Inc. (NASDAQ:ADN) was the target of a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 45,700 shares, a decrease of 21.7% from the March 15th total of 58,400 shares. Based on an average daily volume of 19,300 shares, the short-interest ratio is currently 2.4 days. Approximately 1.8% of the company’s shares are sold short.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Advent Technologies stock. Geode Capital Management LLC increased its position in shares of Advent Technologies Holdings, Inc. (NASDAQ:ADN) by 15.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,239 shares of the company’s stock after buying an additional 2,723 shares during the period. Geode Capital Management LLC owned 0.77% of Advent Technologies worth $101,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 17.52% of the company’s stock.

Advent Technologies Price Performance

Shares of ADN opened at $2.59 on Monday. The business has a 50-day moving average of $4.28 and a 200-day moving average of $4.55. The company has a market capitalization of $6.83 million, a price-to-earnings ratio of -0.10 and a beta of 0.62. Advent Technologies has a 1 year low of $1.71 and a 1 year high of $8.79.

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.