Short Interest in Complete Solaria, Inc. (NASDAQ:CSLR) Grows By 19.3%

Complete Solaria, Inc. (NASDAQ:CSLR) was the recipient of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 2,660,000 shares, an increase of 19.3% from the January 31st total of 2,230,000 shares. Based on an average daily volume of 390,900 shares, the days-to-cover ratio is currently 6.8 days. Approximately 5.5% of the company’s shares are short sold.

Complete Solaria Stock Performance

CSLR stock traded down $0.05 during mid-day trading on Thursday, hitting $1.30. 243,452 shares of the company were exchanged, compared to its average volume of 309,501. Complete Solaria has a 1-year low of $0.20 and a 1-year high of $3.37. The firm’s 50 day simple moving average is $1.70 and its 200 day simple moving average is $1.96.

Insider Activity at Complete Solaria

In other news, Director Adam Gishen sold 100,000 shares of Complete Solaria stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $1.60, for a total transaction of $160,000.00. Following the transaction, the director now directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 44.60% of the company’s stock.

Institutional Investors Weigh In On Complete Solaria

Several institutional investors have recently added to or reduced their stakes in CSLR. ARS Investment Partners LLC raised its stake in shares of Complete Solaria by 12.0% in the 4th quarter. ARS Investment Partners LLC now owns 60,795 shares of the company’s stock valued at $109,000 after purchasing an additional 6,510 shares during the period. Millennium Management LLC lifted its stake in Complete Solaria by 173.1% in the 4th quarter. Millennium Management LLC now owns 27,497 shares of the company’s stock valued at $49,000 after acquiring an additional 17,429 shares in the last quarter. Jane Street Group LLC acquired a new position in Complete Solaria during the 3rd quarter worth approximately $51,000. Quadrature Capital Ltd bought a new position in shares of Complete Solaria during the 3rd quarter worth approximately $81,000. Finally, TTP Investments Inc. acquired a new stake in shares of Complete Solaria in the fourth quarter valued at approximately $58,000. 30.25% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

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.