Complete Solaria, Inc. (NASDAQ:CSLR) Short Interest Down 9.9% in December

Complete Solaria, Inc. (NASDAQ:CSLR) was the target of a large decrease in short interest during the month of December. As of December 31st, there was short interest totalling 1,550,000 shares, a decrease of 9.9% from the December 15th total of 1,720,000 shares. Based on an average daily trading volume, of 662,300 shares, the short-interest ratio is presently 2.3 days. Approximately 3.0% of the shares of the company are short sold.

Insider Buying and Selling

In related news, Director Adam Gishen sold 100,000 shares of the stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $1.60, for a total value of $160,000.00. Following the sale, the director now owns 167,742 shares of the company’s stock, valued at $268,387.20. This trade represents a 37.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Solis Holdings L.L.C. Crsef sold 56,509 shares of Complete Solaria stock in a transaction dated Friday, November 29th. The shares were 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 in the company, valued at approximately $4,102,355.95. This represents a 2.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 234,596 shares of company stock worth $432,445 over the last quarter. 44.60% of the stock is owned by company insiders.

Institutional Trading of Complete Solaria

Hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC acquired a new position in Complete Solaria during the third quarter worth about $51,000. Quadrature Capital Ltd acquired a new position in shares of Complete Solaria in the 3rd quarter worth approximately $81,000. XTX Topco Ltd acquired a new position in shares of Complete Solaria in the 3rd quarter worth approximately $129,000. Commons Capital LLC bought a new stake in shares of Complete Solaria in the 4th quarter worth approximately $90,000. Finally, ARS Investment Partners LLC lifted its stake in 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 purchasing an additional 6,510 shares during the last quarter. Institutional investors own 30.25% of the company’s stock.

Wall Street Analyst Weigh In

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

Complete Solaria Stock Performance

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

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.