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

Complete Solaria, Inc. (NASDAQ:CSLR) was the target of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 253,300 shares, a growth of 54.5% from the March 31st total of 163,900 shares. Based on an average daily volume of 573,300 shares, the short-interest ratio is currently 0.4 days. Currently, 0.9% of the shares of the company are sold short.

Complete Solaria Trading Down 9.2 %

Complete Solaria stock traded down $0.04 during midday trading on Friday, reaching $0.38. 442,971 shares of the company’s stock were exchanged, compared to its average volume of 1,797,655. Complete Solaria has a 52 week low of $0.20 and a 52 week high of $16.00. The stock’s 50-day simple moving average is $0.69 and its 200 day simple moving average is $1.10.

Hedge Funds Weigh In On Complete Solaria

Hedge funds and other institutional investors have recently bought and sold shares of the business. K2 Principal Fund L.P. acquired a new stake in Complete Solaria during the third quarter worth approximately $41,000. Carlyle Group Inc. lifted its position in Complete Solaria by 10.0% during the fourth quarter. Carlyle Group Inc. now owns 2,745,879 shares of the company’s stock worth $4,256,000 after acquiring an additional 250,000 shares during the last quarter. Meteora Capital LLC acquired a new stake in Complete Solaria during the third quarter worth approximately $3,274,000. Symmetry Peak Management LLC acquired a new stake in Complete Solaria during the fourth quarter worth approximately $48,000. Finally, Hollow Brook Wealth Management LLC acquired a new stake in Complete Solaria during the fourth quarter worth approximately $62,000. Institutional investors own 30.25% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Cantor Fitzgerald began coverage on Complete Solaria in a report on Monday, January 8th. They set an “overweight” rating and a $6.00 price target for the company.

Complete Solaria Company Profile

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.