Short Interest in Complete Solaria, Inc. (NASDAQ:CSLR) Grows By 27.4%

Complete Solaria, Inc. (NASDAQ:CSLR) was the recipient of a significant increase in short interest in March. As of March 31st, there was short interest totalling 4,370,000 shares, an increase of 27.4% from the March 15th total of 3,430,000 shares. Based on an average trading volume of 349,400 shares, the days-to-cover ratio is currently 12.5 days. Approximately 9.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. OMERS ADMINISTRATION Corp bought a new stake in Complete Solaria during the fourth quarter worth approximately $250,000. Millennium Management LLC boosted its holdings in shares of Complete Solaria by 173.1% during the 4th quarter. Millennium Management LLC now owns 27,497 shares of the company’s stock worth $49,000 after buying an additional 17,429 shares during the period. Bridgeway Capital Management LLC boosted its holdings in shares of Complete Solaria by 108.5% during the 4th quarter. Bridgeway Capital Management LLC now owns 134,500 shares of the company’s stock worth $241,000 after buying an additional 70,000 shares during the period. Alyeska Investment Group L.P. grew its stake in Complete Solaria by 1,538.7% in the 4th quarter. Alyeska Investment Group L.P. now owns 219,080 shares of the company’s stock valued at $392,000 after buying an additional 205,711 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in Complete Solaria in the 4th quarter worth $512,000. 30.25% of the stock is owned by institutional investors.

Complete Solaria Price Performance

NASDAQ CSLR traded down $0.11 during trading on Monday, hitting $1.84. 646,523 shares of the company traded hands, compared to its average volume of 382,322. Complete Solaria has a 12 month low of $0.33 and a 12 month high of $3.37. The business has a fifty day simple moving average of $1.56 and a 200 day simple moving average of $1.80.

Wall Street Analyst Weigh In

Separately, Janney Montgomery Scott lowered shares of Complete Solaria from a “buy” rating to a “neutral” rating in a research note on Thursday, March 13th.

Complete Solaria Company Profile

Complete Solaria, Inc provides custom solar solutions in the United States. The company offers solar systems to homeowners and small to medium-sized commercial customers. It also provides HelioQuoteTM software system, a platform for residential solar designs, proposals, and engineering services. In addition, the company installs solar systems, as well as provides financing solutions.