Advent Technologies Holdings, Inc. (NASDAQ:ADN) Short Interest Update

Advent Technologies Holdings, Inc. (NASDAQ:ADN – Get Rating) saw a big drop in short-term interest during the month of August. As of August 15, there was short interest on a total of 1,360,000 shares, a drop of 22.3% from the July 31 total of 1,750,000 shares. Currently, 5.3% of the company’s shares are sold short. Based on an average daily volume of 6,760,000 shares, the short-term interest rate is currently 0.2 days.

Analyst promotions and demotions

Separately, Jefferies Financial Group lowered its price target on Advent Technologies shares from $11.20 to $4.00 in a research note on Thursday, June 16.

Advent Technologies trades down 5.9%

NASDAQ:ADN shares 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 capitalization of $140.38 million, a PE ratio of -3.83, and a beta of 0.08. Advent Technologies has a 12-month minimum of $1.13 and a 12-month maximum of $10.04.

Advent Technologies (NASDAQ:ADN – Get Rating) last announced its quarterly earnings data on Tuesday, August 9. 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 of the previous year, the company recorded EPS ($0.15). Stock research analysts predict that Advent Technologies will post earnings per share of -0.88 for the current fiscal year.

Hedge funds weigh in on Advent Technologies

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Several hedge funds and other institutional investors have recently changed their stock holdings. Renaissance Technologies LLC increased its stake in Advent Technologies by 1,244.1% during the first quarter. Renaissance Technologies LLC now owns 557,798 shares of the company valued at $1,294,000 after purchasing 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 worth $1,467,000 after purchasing an additional 318,159 shares during the last quarter. BlackRock Inc. increased its stake in Advent Technologies by 19.4% during the first quarter. BlackRock Inc. now owns 1,752,786 shares of the company valued at $4,067,000 after buying an additional 285,184 shares last quarter. Penserra Capital Management LLC increased its stake in Advent Technologies stock by 106.7% in the fourth quarter. Penserra Capital Management LLC now owns 439,384 shares of the company worth $3,080,000 after purchasing an additional 226,763 shares last quarter. Finally, Jane Street Group LLC purchased a new share of Advent Technologies stock in the first quarter worth approximately $485,000. Institutional investors own 38.81% of the company’s shares.

Company Profile Advent Technologies

(Get rating)

Advent Technologies Holdings, Inc, an advanced materials and technology development company, operates in the hydrogen and fuel cell technology markets. Develops, manufactures, and assembles fuel cell systems and critical components that determine the performance of hydrogen fuel cells and other power systems.

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