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

Complete Solaria, Inc. (NASDAQ:CSLR) was the target of a significant increase in short interest in November. As of November 15th, there was short interest totalling 1,880,000 shares, an increase of 50.4% from the October 31st total of 1,250,000 shares. Approximately 4.0% of the company’s stock are sold short. Based on an average trading volume of 747,500 shares, the short-interest ratio is presently 2.5 days.

Complete Solaria Stock Down 0.5 %

CSLR stock traded down $0.01 during midday trading on Friday, reaching $2.01. 361,511 shares of the company were exchanged, compared to its average volume of 716,915. The stock’s 50-day simple moving average is $2.25 and its 200 day simple moving average is $1.83. Complete Solaria has a 1-year low of $0.20 and a 1-year high of $3.37.

Analyst Ratings Changes

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

In other news, major shareholder Solis Holdings L.L.C. Crsef sold 92,905 shares of the business’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $2.27, for a total transaction of $210,894.35. Following the completion of the transaction, the insider now directly owns 3,155,461 shares of the company’s stock, valued at approximately $7,162,896.47. The trade was a 2.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Carlyle Group Inc. sold 275,000 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $2.20, for a total value of $605,000.00. Following the transaction, the insider now directly owns 2,405,461 shares of the company’s stock, valued at approximately $5,292,014.20. This represents a 10.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,676,014 shares of company stock worth $3,687,196. Corporate insiders own 44.60% of the company’s stock.

Institutional Investors Weigh In On Complete Solaria

Several hedge funds and other institutional investors have recently bought and sold shares of CSLR. Quadrature Capital Ltd acquired a new stake in shares of Complete Solaria in the third quarter valued at approximately $81,000. State Street Corp raised its holdings in Complete Solaria by 57.7% during the third quarter. State Street Corp now owns 106,600 shares of the company’s stock worth $300,000 after purchasing an additional 39,000 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Complete Solaria during the 3rd quarter worth approximately $51,000. Finally, XTX Topco Ltd acquired a new stake in Complete Solaria in the third quarter valued at $129,000. 30.25% of the stock is currently owned by institutional investors and hedge funds.

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.