Complete Solaria, Inc. (NASDAQ:CSLR) Short Interest Down 9.9% in December

Complete Solaria, Inc. (NASDAQ:CSLR) saw a significant drop in short interest during the month of December. As of December 31st, there was short interest totalling 1,550,000 shares, a drop of 9.9% from the December 15th total of 1,720,000 shares. Based on an average daily volume of 662,300 shares, the days-to-cover ratio is presently 2.3 days. Currently, 3.0% of the shares of the company are short sold.

Complete Solaria Price Performance

Shares of CSLR stock traded down $0.04 during midday trading on Friday, reaching $1.61. 205,393 shares of the company traded hands, compared to its average volume of 384,888. The firm’s 50 day simple moving average is $1.81 and its two-hundred day simple moving average is $1.91. Complete Solaria has a 1-year low of $0.20 and a 1-year high of $3.37.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, Director Adam Gishen sold 100,000 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $1.60, for a total transaction of $160,000.00. Following the transaction, the director now owns 167,742 shares of the company’s stock, valued at $268,387.20. This trade represents a 37.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Solis Holdings L.L.C. Crsef sold 56,509 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $2.03, for a total value of $114,713.27. Following the transaction, the insider now directly owns 2,020,865 shares in the company, valued at approximately $4,102,355.95. This represents a 2.72 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 234,596 shares of company stock valued at $432,445. 44.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Complete Solaria

Hedge funds and other institutional investors have recently modified their holdings of the stock. Jane Street Group LLC acquired a new stake in shares of Complete Solaria during the 3rd quarter valued at approximately $51,000. Quadrature Capital Ltd acquired a new position in shares of Complete Solaria during the 3rd quarter worth approximately $81,000. XTX Topco Ltd acquired a new position in shares of Complete Solaria during the 3rd quarter worth approximately $129,000. Commons Capital LLC acquired a new position in shares of Complete Solaria during the 4th quarter worth approximately $90,000. Finally, ARS Investment Partners LLC raised its position in shares of Complete Solaria by 12.0% during the 4th quarter. ARS Investment Partners LLC now owns 60,795 shares of the company’s stock worth $109,000 after purchasing an additional 6,510 shares during the last quarter. 30.25% of the stock is currently owned by institutional investors and hedge funds.

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.