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

Complete Solaria, Inc. (NASDAQ:CSLR) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 911,600 shares, an increase of 6.9% from the September 30th total of 852,500 shares. Currently, 2.2% of the shares of the company are sold short. Based on an average daily volume of 620,200 shares, the days-to-cover ratio is presently 1.5 days.

Insider Buying and Selling at Complete Solaria

In other news, major shareholder Solis Holdings L.L.C. Crsef sold 924,466 shares of Complete Solaria stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $2.14, for a total value of $1,978,357.24. Following the completion of the transaction, the insider now directly owns 3,643,231 shares in the company, valued at approximately $7,796,514.34. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Complete Solaria news, major shareholder Solis Holdings L.L.C. Crsef sold 924,466 shares of the company’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $2.14, for a total value of $1,978,357.24. Following the transaction, the insider now directly owns 3,643,231 shares in the company, valued at $7,796,514.34. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Tidjane Thiam sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $1.59, for a total value of $47,700.00. Following the transaction, the director now owns 158,624 shares in the company, valued at approximately $252,212.16. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,721,540 shares of company stock valued at $3,762,066 over the last three months. 92.48% of the stock is currently owned by insiders.

Institutional Trading of Complete Solaria

An institutional investor recently raised its position in Complete Solaria stock. Carlyle Group Inc. increased its stake in Complete Solaria, Inc. (NASDAQ:CSLR) by 79.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,936,483 shares of the company’s stock after buying an additional 2,190,604 shares during the quarter. Complete Solaria comprises approximately 0.2% of Carlyle Group Inc.’s holdings, making the stock its 20th largest holding. Carlyle Group Inc. owned approximately 10.05% of Complete Solaria worth $2,715,000 at the end of the most recent reporting period. 30.25% of the stock is owned by institutional investors.

Complete Solaria Trading Up 3.3 %

NASDAQ:CSLR traded up $0.07 on Friday, hitting $2.17. The stock had a trading volume of 261,644 shares, compared to its average volume of 1,335,478. Complete Solaria has a 52-week low of $0.20 and a 52-week high of $3.37. The business’s 50-day simple moving average is $2.29 and its two-hundred day simple moving average is $1.61.

Complete Solaria (NASDAQ:CSLR) last announced its earnings results on Wednesday, August 14th. The company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.16). The business had revenue of $4.49 million for the quarter, compared to analyst estimates of $11.00 million. Analysts expect that Complete Solaria will post -0.37 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Cantor Fitzgerald reiterated an “overweight” rating and issued a $6.00 price target on shares of Complete Solaria in a research note on Tuesday, October 1st.

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.