Complete Solaria, Inc. (NASDAQ:CSLR) Sees Large Decline in Short Interest

Complete Solaria, Inc. (NASDAQ:CSLR) was the recipient of a significant decline in short interest in December. As of December 31st, there was short interest totalling 1,550,000 shares, a decline of 9.9% from the December 15th total of 1,720,000 shares. Based on an average daily volume of 662,300 shares, the short-interest ratio is currently 2.3 days. Approximately 3.0% of the company’s stock are short sold.

Complete Solaria Stock Down 2.4 %

Shares of CSLR traded down $0.04 on Friday, hitting $1.61. The company’s stock had a trading volume of 205,393 shares, compared to its average volume of 384,888. Complete Solaria has a fifty-two week low of $0.20 and a fifty-two week high of $3.37. The company has a 50 day moving average price of $1.81 and a 200 day moving average price of $1.91.

Wall Street Analyst Weigh In

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

Insider Activity at Complete Solaria

In related news, Director Adam Gishen sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $1.60, for a total value of $160,000.00. Following the transaction, the director now directly owns 167,742 shares of the company’s stock, valued at approximately $268,387.20. This trade represents a 37.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Solis Holdings L.L.C. Crsef sold 56,509 shares of the business’s stock in a transaction 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 completion of the sale, the insider now owns 2,020,865 shares of the company’s stock, valued at $4,102,355.95. The trade was a 2.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 234,596 shares of company stock valued at $432,445. Corporate insiders own 44.60% of the company’s stock.

Institutional Trading of Complete Solaria

A number of hedge funds and other institutional investors have recently made changes to their positions in CSLR. Commons Capital LLC bought a new position in Complete Solaria in the 4th quarter valued at $90,000. ARS Investment Partners LLC lifted its stake in shares of Complete Solaria by 12.0% during the fourth quarter. ARS Investment Partners LLC now owns 60,795 shares of the company’s stock valued at $109,000 after acquiring an additional 6,510 shares during the period. XTX Topco Ltd bought a new position in Complete Solaria in the third quarter valued at about $129,000. Jane Street Group LLC acquired a new stake in Complete Solaria in the third quarter worth about $51,000. Finally, State Street Corp raised its holdings in Complete Solaria by 57.7% during the 3rd 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. 30.25% of the stock is currently owned by institutional investors and hedge funds.

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.