Short Interest in Ascent Solar Technologies Inc. (NASDAQ:ASTI) Grows By 122.3%

Ascent Solar Technologies Inc. (NASDAQ:ASTI) was the target of a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 481,679 shares, an increase of 122.3% from the November 30th total of 216,653 shares. Approximately 15.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,082,947 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 1,082,947 shares, the days-to-cover ratio is currently 0.4 days. Approximately 15.4% of the shares of the stock are short sold.

Ascent Solar Technologies Stock Down 21.4%

ASTI traded down $0.97 during trading on Friday, reaching $3.57. The company’s stock had a trading volume of 1,621,199 shares, compared to its average volume of 2,624,159. The company has a market cap of $16.20 million, a price-to-earnings ratio of -1.22 and a beta of 2.79. The firm has a fifty day simple moving average of $2.34 and a two-hundred day simple moving average of $2.15. Ascent Solar Technologies has a 1 year low of $1.10 and a 1 year high of $7.40.

Ascent Solar Technologies (NASDAQ:ASTI) last announced its quarterly earnings data on Monday, November 10th. The company reported ($0.62) EPS for the quarter. The company had revenue of $0.03 million during the quarter.

Institutional Investors Weigh In On Ascent Solar Technologies

An institutional investor recently bought a new position in Ascent Solar Technologies stock. Founders Financial Securities LLC bought a new stake in Ascent Solar Technologies Inc. (NASDAQ:ASTI) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 17,222 shares of the company’s stock, valued at approximately $34,000. Founders Financial Securities LLC owned about 0.56% of Ascent Solar Technologies at the end of the most recent reporting period. Hedge funds and other institutional investors own 10.55% of the company’s stock.

Analyst Upgrades and Downgrades

ASTI has been the subject of several recent analyst reports. Wall Street Zen raised shares of Ascent Solar Technologies from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Ascent Solar Technologies in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

Ascent Solar Technologies Company Profile

Ascent Solar Technologies, Inc (NASDAQ:ASTI) develops and manufactures thin-film photovoltaic modules based on copper indium gallium selenide (CIGS) semiconductor technology. Designed for lightweight, flexible and durable integration, Ascent Solar’s products are well-suited to mobile and off-grid applications where conventional rigid panels are impractical. The company’s portfolio includes both rollable and laminate modules that can be bonded onto a variety of surfaces, from textiles and curved structures to aerospace platforms.

Ascent Solar’s modules target a diverse set of end markets, including military and defense sectors, unmanned aerial vehicles (UAVs), consumer electronics, automotive and building-integrated photovoltaics (BIPV).