Complete Solaria, Inc. (NASDAQ:CSLR) Short Interest Update

Complete Solaria, Inc. (NASDAQ:CSLR) was the target of a large drop in short interest in November. As of November 30th, there was short interest totalling 1,700,000 shares, a drop of 9.6% from the November 15th total of 1,880,000 shares. Based on an average daily volume of 804,800 shares, the short-interest ratio is presently 2.1 days. Approximately 3.6% of the company’s stock are sold short.

Insiders Place Their Bets

In other news, major shareholder Carlyle Group Inc. sold 275,000 shares of Complete Solaria stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $2.20, for a total transaction of $605,000.00. Following the transaction, the insider now directly owns 2,405,461 shares of the company’s stock, valued at $5,292,014.20. The trade was a 10.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Solis Holdings L.L.C. Crsef sold 56,509 shares of the firm’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $2.03, for a total transaction of $114,713.27. Following the sale, the insider now owns 2,020,865 shares in the company, valued at approximately $4,102,355.95. The trade was a 2.72 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,810,610 shares of company stock valued at $3,959,641. Corporate insiders own 44.60% of the company’s stock.

Institutional Trading of Complete Solaria

Several hedge funds have recently bought and sold shares of CSLR. Quadrature Capital Ltd bought a new stake in shares of Complete Solaria in the third quarter worth about $81,000. State Street Corp grew its stake in shares of Complete Solaria by 57.7% in the 3rd quarter. State Street Corp now owns 106,600 shares of the company’s stock worth $300,000 after buying an additional 39,000 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Complete Solaria during the 3rd quarter valued at about $51,000. Finally, XTX Topco Ltd bought a new position in shares of Complete Solaria in the 3rd quarter valued at about $129,000. Hedge funds and other institutional investors own 30.25% of the company’s stock.

Analyst Ratings Changes

Separately, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $6.00 target price on shares of Complete Solaria in a report on Thursday, November 14th.

Complete Solaria Trading Down 1.5 %

CSLR stock traded down $0.03 during midday trading on Tuesday, hitting $1.64. The company’s stock had a trading volume of 440,700 shares, compared to its average volume of 1,247,679. Complete Solaria has a 12 month low of $0.20 and a 12 month high of $3.37. The company has a 50 day moving average of $2.05 and a two-hundred day moving average of $1.86.

About Complete Solaria

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.