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

Complete Solaria, Inc. (NASDAQ:CSLR) was the target of a significant increase in short interest in July. As of July 15th, there was short interest totalling 1,140,000 shares, an increase of 105.6% from the June 30th total of 554,400 shares. Currently, 3.4% of the company’s stock are sold short. Based on an average trading volume of 3,610,000 shares, the days-to-cover ratio is presently 0.3 days.

Complete Solaria Trading Down 2.1 %

Shares of NASDAQ:CSLR traded down $0.03 during trading on Friday, hitting $1.42. The company’s stock had a trading volume of 73,170 shares, compared to its average volume of 7,225,611. Complete Solaria has a fifty-two week low of $0.20 and a fifty-two week high of $4.70. The stock’s 50-day moving average price is $1.48 and its two-hundred day moving average price is $1.09.

Complete Solaria (NASDAQ:CSLR) last announced its quarterly earnings data on Wednesday, May 15th. The company reported ($0.20) earnings per share (EPS) for the quarter. The business had revenue of $10.04 million during the quarter. As a group, sell-side analysts predict that Complete Solaria will post -0.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Complete Solaria

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Symmetry Peak Management LLC bought a new position in Complete Solaria during the 4th quarter valued at $48,000. Hollow Brook Wealth Management LLC bought a new position in Complete Solaria during the 4th quarter valued at $62,000. K2 Principal Fund L.P. boosted its stake in Complete Solaria by 107.1% during the 4th quarter. K2 Principal Fund L.P. now owns 41,623 shares of the company’s stock valued at $67,000 after purchasing an additional 21,524 shares in the last quarter. Finally, Carlyle Group Inc. boosted its stake in Complete Solaria by 79.8% during the 1st quarter. Carlyle Group Inc. now owns 4,936,483 shares of the company’s stock valued at $2,715,000 after purchasing an additional 2,190,604 shares in the last quarter. 30.25% of the stock is owned by institutional investors.

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.