Short Interest in Ascent Solar Technologies Inc. (NASDAQ:ASTI) Grows By 896.1%

Ascent Solar Technologies Inc. (NASDAQ:ASTI) was the recipient of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 628,085 shares, an increase of 896.1% from the January 15th total of 63,057 shares. Based on an average daily volume of 5,062,989 shares, the short-interest ratio is presently 0.1 days. Approximately 14.8% of the shares of the stock are short sold. Approximately 14.8% of the shares of the stock are short sold. Based on an average daily volume of 5,062,989 shares, the short-interest ratio is presently 0.1 days.

Ascent Solar Technologies Stock Performance

ASTI stock opened at $9.02 on Thursday. Ascent Solar Technologies has a one year low of $1.10 and a one year high of $9.87. The firm has a market cap of $42.50 million, a price-to-earnings ratio of -3.09 and a beta of 1.46. The firm has a 50-day simple moving average of $4.71 and a two-hundred day simple moving average of $2.93.

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

Analyst Upgrades and Downgrades

ASTI has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Ascent Solar Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. Weiss Ratings restated a “sell (e+)” rating on shares of Ascent Solar Technologies in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

Hedge Funds Weigh In On Ascent Solar Technologies

An institutional investor recently raised its position in Ascent Solar Technologies stock. Geode Capital Management LLC lifted its position in shares of Ascent Solar Technologies Inc. (NASDAQ:ASTI) by 87.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,938 shares of the company’s stock after buying an additional 12,588 shares during the quarter. Geode Capital Management LLC owned approximately 0.57% of Ascent Solar Technologies worth $111,000 at the end of the most recent quarter. 10.55% of the stock is currently owned by institutional investors.

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).