Complete Solaria, Inc. (NASDAQ:CSLR) Short Interest Up 28.2% in January

Complete Solaria, Inc. (NASDAQ:CSLR) was the recipient of a significant increase in short interest during the month of January. As of January 31st, there was short interest totalling 2,230,000 shares, an increase of 28.2% from the January 15th total of 1,740,000 shares. Based on an average daily trading volume, of 497,200 shares, the days-to-cover ratio is presently 4.5 days. Approximately 4.7% of the shares of the stock are short sold.

Complete Solaria Stock Performance

Shares of CSLR stock traded up $0.01 on Friday, reaching $1.67. 139,479 shares of the company’s stock traded hands, compared to its average volume of 298,520. The business’s 50 day moving average price is $1.73 and its two-hundred day moving average price is $1.95. Complete Solaria has a 12-month low of $0.20 and a 12-month high of $3.37.

Wall Street Analysts Forecast Growth

Separately, Cantor Fitzgerald reiterated an “overweight” rating and set a $6.00 price objective on shares of Complete Solaria in a research report on Thursday, November 14th.

Insiders Place Their Bets

In related news, Director Adam Gishen sold 100,000 shares of Complete Solaria stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $1.60, for a total value of $160,000.00. Following the transaction, the director now owns 167,742 shares of the company’s stock, valued at approximately $268,387.20. This trade represents a 37.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Solis Holdings L.L.C. Crsef sold 73,986 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $2.02, for a total transaction of $149,451.72. Following the sale, the insider now directly owns 2,077,374 shares of the company’s stock, valued at $4,196,295.48. This represents a 3.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 234,596 shares of company stock worth $432,445. 44.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Complete Solaria

Institutional investors and hedge funds have recently bought and sold shares of the business. XTX Topco Ltd acquired a new stake in shares of Complete Solaria during the third quarter worth approximately $129,000. State Street Corp increased its stake in Complete Solaria by 57.7% in the 3rd quarter. State Street Corp now owns 106,600 shares of the company’s stock valued at $300,000 after buying an additional 39,000 shares during the period. Jane Street Group LLC purchased a new stake in Complete Solaria in the 3rd quarter worth approximately $51,000. Quadrature Capital Ltd acquired a new stake in shares of Complete Solaria during the 3rd quarter valued at $81,000. Finally, TTP Investments Inc. purchased a new position in shares of Complete Solaria during the 4th quarter valued at $58,000. Hedge funds and other institutional investors own 30.25% of the company’s stock.

About Complete Solaria

Complete Solaria, Inc provides custom solar solutions in the United States. The company offers solar systems to homeowners and small to medium-sized commercial customers. It also provides HelioQuoteTM software system, a platform for residential solar designs, proposals, and engineering services. In addition, the company installs solar systems, as well as provides financing solutions.