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

Complete Solaria, Inc. (NASDAQ:CSLRGet Free Report) was the target of a large 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. Approximately 4.7% of the shares of the company are short sold. Based on an average daily trading volume, of 497,200 shares, the short-interest ratio is presently 4.5 days.

Wall Street Analyst Weigh In

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

Check Out Our Latest Report on Complete Solaria

Insider Activity at Complete Solaria

In other Complete Solaria news, Director Adam Gishen sold 100,000 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $1.60, for a total value of $160,000.00. Following the sale, the director now directly owns 167,742 shares in the company, valued at approximately $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 can be accessed through this link. Also, major shareholder Solis Holdings L.L.C. Crsef sold 56,509 shares of the company’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $2.03, for a total transaction of $114,713.27. Following the transaction, the insider now owns 2,020,865 shares of the company’s stock, valued at $4,102,355.95. This represents a 2.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 234,596 shares of company stock valued at $432,445 in the last quarter. Insiders own 44.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Quadrature Capital Ltd acquired a new stake in Complete Solaria in the third quarter worth about $81,000. State Street Corp lifted its stake in shares of Complete Solaria by 57.7% in the 3rd quarter. State Street Corp now owns 106,600 shares of the company’s stock worth $300,000 after acquiring an additional 39,000 shares during the period. Jane Street Group LLC bought a new position in shares of Complete Solaria in the third quarter valued at approximately $51,000. XTX Topco Ltd acquired a new position in shares of Complete Solaria during the third quarter valued at approximately $129,000. Finally, ARS Investment Partners LLC increased its stake in shares of Complete Solaria by 12.0% during the fourth quarter. ARS Investment Partners LLC now owns 60,795 shares of the company’s stock valued at $109,000 after acquiring an additional 6,510 shares during the period. Institutional investors own 30.25% of the company’s stock.

Complete Solaria Stock Performance

CSLR stock traded up $0.01 on Friday, reaching $1.67. The company’s stock had a trading volume of 139,479 shares, compared to its average volume of 298,520. The firm has a fifty day moving average of $1.73 and a two-hundred day moving average of $1.95. Complete Solaria has a 52 week low of $0.20 and a 52 week high of $3.37.

About Complete Solaria

(Get Free Report)

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.

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