Complete Solaria, Inc. (NASDAQ:CSLR) Sees Large Decline in Short Interest

Complete Solaria, Inc. (NASDAQ:CSLR) was the recipient of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 1,700,000 shares, a decrease of 9.6% from the November 15th total of 1,880,000 shares. Currently, 3.6% of the shares of the company are sold short. Based on an average daily trading volume, of 804,800 shares, the short-interest ratio is currently 2.1 days.

Analysts Set New Price Targets

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

Insider Activity at Complete Solaria

In other news, major shareholder Solis Holdings L.L.C. Crsef sold 133,643 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $2.51, for a total value of $335,443.93. Following the completion of the transaction, the insider now owns 4,767,697 shares of the company’s stock, valued at $11,966,919.47. The trade was a 2.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Carlyle Group Inc. sold 275,000 shares of the firm’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $2.20, for a total transaction of $605,000.00. Following the sale, the insider now owns 2,405,461 shares in the company, valued at approximately $5,292,014.20. This represents a 10.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,810,610 shares of company stock worth $3,959,641 over the last quarter. Insiders own 44.60% of the company’s stock.

Hedge Funds Weigh In On Complete Solaria

Several hedge funds have recently made changes to their positions in CSLR. Jane Street Group LLC purchased a new stake in Complete Solaria in the 3rd quarter valued at $51,000. Quadrature Capital Ltd acquired a new position in Complete Solaria in the third quarter valued at $81,000. XTX Topco Ltd purchased a new stake in shares of Complete Solaria in the third quarter valued at about $129,000. Finally, State Street Corp raised its holdings in shares of Complete Solaria by 57.7% in the third 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 last quarter. Hedge funds and other institutional investors own 30.25% of the company’s stock.

Complete Solaria Stock Performance

Shares of CSLR stock opened at $1.71 on Friday. The company has a 50 day moving average price of $2.06 and a 200 day moving average price of $1.86. Complete Solaria has a fifty-two week low of $0.20 and a fifty-two week high of $3.37.

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.