Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) Short Interest Down 37.8% in April

Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 701,521 shares, a drop of 37.8% from the April 15th total of 1,128,495 shares. Currently, 4.2% of the company’s shares are sold short. Based on an average daily volume of 767,678 shares, the days-to-cover ratio is presently 0.9 days.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MAXN. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Maxeon Solar Technologies in a research note on Thursday, January 22nd. Wall Street Zen upgraded Maxeon Solar Technologies to a “hold” rating in a research report on Saturday, March 7th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

Maxeon Solar Technologies Stock Performance

Shares of Maxeon Solar Technologies stock remained flat at $0.76 during trading on Friday. The company has a market cap of $12.69 million, a P/E ratio of 0.00 and a beta of 1.26. Maxeon Solar Technologies has a 1 year low of $0.67 and a 1 year high of $4.97. The firm’s 50-day moving average price is $1.48 and its 200-day moving average price is $2.49.

Hedge Funds Weigh In On Maxeon Solar Technologies

An institutional investor recently bought a new position in Maxeon Solar Technologies stock. Mackenzie Financial Corp acquired a new stake in shares of Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 10,944 shares of the company’s stock, valued at approximately $37,000. Mackenzie Financial Corp owned approximately 1.99% of Maxeon Solar Technologies as of its most recent filing with the SEC. Institutional investors own 47.67% of the company’s stock.

Maxeon Solar Technologies Company Profile

Maxeon Solar Technologies, traded on NASDAQ as MAXN, is a global leader in the design and manufacture of high-efficiency solar panels. Utilizing its proprietary interdigitated back contact (IBC) cell architecture, Maxeon delivers advanced photovoltaic modules that offer superior performance, reliability, and durability to residential, commercial, and utility-scale customers. The company’s product portfolio includes a range of solar panels optimized for various installation scenarios and climates, underpinned by its commitment to quality and long-term warranty coverage.

Headquartered in Singapore, Maxeon operates manufacturing facilities in Malaysia, Mexico, and France, and maintains a broad footprint across the Americas, Europe, the Middle East, Africa, and Asia Pacific.