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

Complete Solaria, Inc. (NASDAQ:CSLR) was the recipient of a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 1,700,000 shares, a decrease 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 shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Cantor Fitzgerald reiterated an “overweight” rating and set a $6.00 price objective on shares of Complete Solaria in a research note on Thursday, November 14th.

Complete Solaria Stock Performance

CSLR traded down $0.06 during trading on Tuesday, hitting $1.60. The stock had a trading volume of 382,275 shares, compared to its average volume of 1,247,529. Complete Solaria has a 12 month low of $0.20 and a 12 month high of $3.37. The company has a 50 day simple moving average of $2.05 and a 200-day simple moving average of $1.86.

Insider Buying and Selling

In other Complete Solaria news, major shareholder Solis Holdings L.L.C. Crsef sold 924,466 shares of the stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $2.14, for a total transaction of $1,978,357.24. Following the transaction, the insider now owns 3,643,231 shares of the company’s stock, valued at $7,796,514.34. This represents a 20.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Carlyle Group Inc. sold 275,000 shares of Complete Solaria stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $2.20, for a total value of $605,000.00. Following the completion of the transaction, the insider now directly owns 2,405,461 shares in the company, valued at $5,292,014.20. This represents a 10.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,810,610 shares of company stock worth $3,959,641 in the last 90 days. Company insiders own 44.60% of the company’s stock.

Institutional Investors Weigh In On Complete Solaria

A number of hedge funds have recently made changes to their positions in CSLR. Quadrature Capital Ltd bought a new stake in shares of Complete Solaria during the third quarter worth approximately $81,000. State Street Corp boosted its holdings in Complete Solaria by 57.7% during the third quarter. State Street Corp now owns 106,600 shares of the company’s stock worth $300,000 after purchasing an additional 39,000 shares during the last quarter. Jane Street Group LLC bought a new stake in Complete Solaria in the third quarter worth about $51,000. Finally, XTX Topco Ltd bought a new stake in shares of Complete Solaria in the third quarter valued at approximately $129,000. Institutional investors and hedge funds own 30.25% of the company’s stock.

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.