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

Complete Solaria, Inc. (NASDAQ:CSLR) was the target of a large growth in short interest during 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. Currently, 0.9% of the company’s shares are short sold. Based on an average daily trading volume, of 573,300 shares, the short-interest ratio is presently 0.4 days.

Complete Solaria Stock Up 65.1 %

Complete Solaria stock traded up $0.25 during trading on Monday, hitting $0.63. The company had a trading volume of 7,558,245 shares, compared to its average volume of 510,869. Complete Solaria has a 1-year low of $0.20 and a 1-year high of $16.00. The company’s 50 day simple moving average is $0.69 and its 200-day simple moving average is $1.09.

Analyst Ratings Changes

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

Institutional Trading of Complete Solaria

Several institutional investors have recently added to or reduced their stakes in CSLR. K2 Principal Fund L.P. acquired a new stake in Complete Solaria in the 3rd quarter valued at approximately $41,000. Symmetry Peak Management LLC acquired a new stake in Complete Solaria in the 4th quarter valued at approximately $48,000. Hollow Brook Wealth Management LLC acquired a new stake in Complete Solaria in the 4th quarter valued at approximately $62,000. Meteora Capital LLC acquired a new stake in Complete Solaria in the 3rd quarter valued at approximately $3,274,000. Finally, Carlyle Group Inc. boosted its position in Complete Solaria by 10.0% in the 4th quarter. Carlyle Group Inc. now owns 2,745,879 shares of the company’s stock valued at $4,256,000 after buying an additional 250,000 shares during the period. Institutional investors and hedge funds own 30.25% of the company’s stock.

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.