Short Interest in Complete Solaria, Inc. (NASDAQ:CSLR) Declines By 9.6%

Complete Solaria, Inc. (NASDAQ:CSLR) was the target of a significant 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 trading volume of 804,800 shares, the days-to-cover ratio is currently 2.1 days. Approximately 3.6% of the company’s shares are short sold.

Insider Activity

In other Complete Solaria news, major shareholder Carlyle Group Inc. sold 275,000 shares of Complete Solaria stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $2.20, for a total transaction of $605,000.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Solis Holdings L.L.C. Crsef sold 133,643 shares of the firm’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $2.51, for a total value of $335,443.93. Following the transaction, the insider now owns 4,767,697 shares in the company, valued at approximately $11,966,919.47. This represents a 2.73 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,810,610 shares of company stock valued at $3,959,641. 44.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Complete Solaria

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new stake in shares of Complete Solaria in the 3rd quarter valued at about $51,000. Quadrature Capital Ltd purchased a new stake in Complete Solaria during the third quarter valued at approximately $81,000. XTX Topco Ltd acquired a new stake in Complete Solaria in the third quarter valued at approximately $129,000. Finally, State Street Corp grew its holdings in Complete Solaria by 57.7% in 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. Hedge funds and other institutional investors own 30.25% of the company’s stock.

Complete Solaria Stock Down 1.5 %

NASDAQ CSLR traded down $0.03 during midday trading on Tuesday, hitting $1.64. 440,700 shares of the company traded hands, compared to its average volume of 1,247,679. Complete Solaria has a 52 week low of $0.20 and a 52 week high of $3.37. The company’s 50-day simple moving average is $2.05 and its 200-day simple moving average is $1.86.

Wall Street Analyst Weigh In

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

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.