Complete Solaria, Inc. (NASDAQ:CSLR) Short Interest Update

Complete Solaria, Inc. (NASDAQ:CSLR) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 4,370,000 shares, an increase of 27.4% from the March 15th total of 3,430,000 shares. Based on an average daily trading volume, of 349,400 shares, the days-to-cover ratio is presently 12.5 days. Currently, 9.0% of the shares of the stock are short sold.

Complete Solaria Trading Up 2.6 %

Shares of CSLR stock traded up $0.05 during trading hours on Friday, reaching $1.95. The company’s stock had a trading volume of 1,523,183 shares, compared to its average volume of 378,853. Complete Solaria has a fifty-two week low of $0.22 and a fifty-two week high of $3.37. The firm’s 50 day simple moving average is $1.56 and its 200-day simple moving average is $1.80.

Wall Street Analyst Weigh In

Separately, Janney Montgomery Scott downgraded shares of Complete Solaria from a “buy” rating to a “neutral” rating in a report on Thursday, March 13th.

Institutional Trading of Complete Solaria

Several large investors have recently bought and sold shares of CSLR. State Street Corp raised its stake in Complete Solaria by 57.7% during the third quarter. State Street Corp now owns 106,600 shares of the company’s stock worth $300,000 after acquiring an additional 39,000 shares in the last quarter. Jane Street Group LLC acquired a new position in Complete Solaria during the 3rd quarter worth approximately $51,000. XTX Topco Ltd bought a new position in Complete Solaria in the 3rd quarter valued at approximately $129,000. ARS Investment Partners LLC boosted its position in Complete Solaria by 12.0% in the fourth quarter. ARS Investment Partners LLC now owns 60,795 shares of the company’s stock valued at $109,000 after buying an additional 6,510 shares in the last quarter. Finally, Commons Capital LLC acquired a new position in shares of Complete Solaria during the fourth quarter worth $90,000. 30.25% of the stock is 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.