Ascent Solar Technologies Inc. (NASDAQ:ASTI) Short Interest Update

Ascent Solar Technologies Inc. (NASDAQ:ASTI) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 914,037 shares, a growth of 89.8% from the December 15th total of 481,679 shares. Currently, 21.6% of the company’s shares are sold short. Based on an average daily volume of 4,288,471 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 4,288,471 shares, the days-to-cover ratio is currently 0.2 days. Currently, 21.6% of the company’s shares are sold short.

Hedge Funds Weigh In On Ascent Solar Technologies

An institutional investor recently bought a new position in Ascent Solar Technologies stock. Founders Financial Securities LLC acquired a new stake in Ascent Solar Technologies Inc. (NASDAQ:ASTI) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 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 as of its most recent SEC filing. Institutional investors and hedge funds own 10.55% of the company’s stock.

Ascent Solar Technologies Trading Up 4.8%

NASDAQ ASTI opened at $5.07 on Friday. The firm’s fifty day simple moving average is $3.09 and its two-hundred day simple moving average is $2.43. The firm has a market capitalization of $23.88 million, a P/E ratio of -1.74 and a beta of 1.18. Ascent Solar Technologies has a 12-month low of $1.10 and a 12-month high of $7.40.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Weiss Ratings reiterated a “sell (e+)” rating on shares of Ascent Solar Technologies in a report on Wednesday, October 8th. Wall Street Zen upgraded Ascent Solar Technologies from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

About Ascent Solar Technologies

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).