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

Complete Solaria, Inc. (NASDAQ:CSLR - Get Free Report) saw a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 1,700,000 shares, a decline of 9.6% from the November 15th total of 1,880,000 shares. Approximately 3.6% of the shares of the company are short sold. Based on an average trading volume of 804,800 shares, the days-to-cover ratio is presently 2.1 days.

Insiders Place Their Bets

In other news, major shareholder Solis Holdings L.L.C. Crsef sold 133,643 shares of the business's stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $2.51, for a total value of $335,443.93. Following the completion of the transaction, the insider now owns 4,767,697 shares of the company's stock, valued at $11,966,919.47. The trade was a 2.73 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Carlyle Group Inc. sold 275,000 shares of the company's stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $2.20, for a total value of $605,000.00. Following the completion of the sale, the insider now owns 2,405,461 shares in the company, valued at approximately $5,292,014.20. This represents a 10.26 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,810,610 shares of company stock valued at $3,959,641. 44.60% of the stock is owned by company insiders.

Institutional Trading of Complete Solaria

Several institutional investors have recently bought and sold shares of the business. Jane Street Group LLC purchased a new position in shares of Complete Solaria during the 3rd quarter valued at approximately $51,000. Quadrature Capital Ltd purchased a new position in Complete Solaria during the third quarter valued at $81,000. State Street Corp grew its position in shares of Complete Solaria by 57.7% in the third quarter. State Street Corp now owns 106,600 shares of the company's stock valued at $300,000 after purchasing an additional 39,000 shares during the period. Finally, XTX Topco Ltd purchased a new stake in shares of Complete Solaria during the third quarter worth about $129,000. 30.25% of the stock is owned by institutional investors and hedge funds.

Complete Solaria Price Performance

Shares of NASDAQ:CSLR remained flat at $1.71 during trading on Friday. The stock had a trading volume of 283,783 shares, compared to its average volume of 1,253,958. Complete Solaria has a 52-week low of $0.20 and a 52-week high of $3.37. The stock has a fifty day simple moving average of $2.06 and a 200-day simple moving average of $1.87.

Analyst Ratings Changes

Separately, Cantor Fitzgerald reissued an "overweight" rating and set a $6.00 price target on shares of Complete Solaria in a report on Thursday, November 14th.

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.