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

Ascent Solar Technologies Inc. (NASDAQ:ASTI) was the target of a significant growth in short interest in February. As of February 13th, there was short interest totaling 1,043,642 shares, a growth of 66.2% from the January 29th total of 628,085 shares. Based on an average daily volume of 4,015,402 shares, the days-to-cover ratio is currently 0.3 days. Approximately 15.1% of the shares of the stock are sold short. Approximately 15.1% of the shares of the stock are sold short. Based on an average daily volume of 4,015,402 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of Ascent Solar Technologies

Several hedge funds have recently bought and sold shares of ASTI. Founders Financial Securities LLC bought a new position in shares of Ascent Solar Technologies during the 3rd quarter valued at about $34,000. Cetera Investment Advisers bought a new stake in shares of Ascent Solar Technologies in the fourth quarter worth about $89,000. Geode Capital Management LLC lifted its position in shares of Ascent Solar Technologies by 87.7% in the fourth quarter. Geode Capital Management LLC now owns 26,938 shares of the company’s stock worth $111,000 after buying an additional 12,588 shares in the last quarter. Jane Street Group LLC bought a new position in Ascent Solar Technologies during the fourth quarter valued at approximately $116,000. Finally, MYDA Advisors LLC bought a new position in Ascent Solar Technologies during the fourth quarter valued at approximately $206,000. Hedge funds and other institutional investors own 10.55% of the company’s stock.

Ascent Solar Technologies Price Performance

Shares of ASTI opened at $6.30 on Friday. The firm has a market cap of $48.45 million, a P/E ratio of -2.16 and a beta of 1.46. Ascent Solar Technologies has a 1 year low of $1.10 and a 1 year high of $9.87. The company has a 50 day simple moving average of $5.48 and a two-hundred day simple moving average of $3.28.

Analysts Set New Price Targets

Several analysts have recently commented on ASTI shares. Wall Street Zen upgraded shares of Ascent Solar Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Ascent Solar Technologies in a research note on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on 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).