Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) Short Interest Update

Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) saw a significant decline in short interest in February. As of February 28th, there was short interest totalling 780,200 shares, a decline of 20.8% from the February 13th total of 985,500 shares. Currently, 14.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 394,700 shares, the short-interest ratio is currently 2.0 days.

Institutional Trading of Maxeon Solar Technologies

Several institutional investors have recently modified their holdings of the business. GSA Capital Partners LLP bought a new stake in shares of Maxeon Solar Technologies in the third quarter worth $204,000. Verition Fund Management LLC acquired a new stake in shares of Maxeon Solar Technologies in the 3rd quarter worth about $113,000. XTX Topco Ltd raised its holdings in shares of Maxeon Solar Technologies by 343.8% in the 3rd quarter. XTX Topco Ltd now owns 674,890 shares of the company’s stock worth $65,000 after acquiring an additional 522,830 shares during the last quarter. 683 Capital Management LLC purchased a new stake in Maxeon Solar Technologies in the 4th quarter valued at about $610,000. Finally, Aristides Capital LLC purchased a new stake in Maxeon Solar Technologies in the 4th quarter valued at about $258,000. Institutional investors own 47.67% of the company’s stock.

Maxeon Solar Technologies Price Performance

MAXN traded down $0.03 during trading on Wednesday, hitting $3.91. 91,722 shares of the stock traded hands, compared to its average volume of 680,281. The business has a 50 day moving average price of $5.22 and a 200 day moving average price of $165.07. The company has a market cap of $2.15 million, a price-to-earnings ratio of -0.01 and a beta of 1.38. Maxeon Solar Technologies has a twelve month low of $2.68 and a twelve month high of $410.00.

About Maxeon Solar Technologies

Maxeon Solar Technologies, Ltd. designs, manufactures, markets, and sells solar panels and related solar system components worldwide. The company provides interdigitated back contact and shingled solar cells and panels under the SunPower brand. It offers its products to dealers, project developers, system integrators, distributors, resellers, and residential and small-scale commercial customers.