Short Interest in Complete Solaria, Inc. (NASDAQ:CSLR) Expands By 28.2%

Complete Solaria, Inc. (NASDAQ:CSLR - Get Free Report) was the recipient of a large increase in short interest in the month of January. As of January 31st, there was short interest totalling 2,230,000 shares, an increase of 28.2% from the January 15th total of 1,740,000 shares. Based on an average daily volume of 497,200 shares, the short-interest ratio is presently 4.5 days. Currently, 4.7% of the company's shares are short sold.

Insider Buying and Selling

In related news, Director Adam Gishen sold 100,000 shares of Complete Solaria stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $1.60, for a total transaction of $160,000.00. Following the completion of the sale, the director now owns 167,742 shares in the company, valued at $268,387.20. This trade represents a 37.35 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available 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 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 230,695 shares of company stock valued at $424,565. Company insiders own 44.60% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. OMERS ADMINISTRATION Corp bought a new position in shares of Complete Solaria during the 4th quarter worth approximately $250,000. Millennium Management LLC raised its stake in shares of Complete Solaria by 173.1% during the 4th quarter. Millennium Management LLC now owns 27,497 shares of the company's stock worth $49,000 after acquiring an additional 17,429 shares in the last quarter. Bridgeway Capital Management LLC raised its stake in shares of Complete Solaria by 108.5% during the 4th quarter. Bridgeway Capital Management LLC now owns 134,500 shares of the company's stock worth $241,000 after acquiring an additional 70,000 shares in the last quarter. Alyeska Investment Group L.P. raised its stake in shares of Complete Solaria by 1,538.7% during the 4th quarter. Alyeska Investment Group L.P. now owns 219,080 shares of the company's stock worth $392,000 after acquiring an additional 205,711 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Complete Solaria during the 4th quarter worth approximately $512,000. Institutional investors own 30.25% of the company's stock.

Wall Street Analysts Forecast Growth

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 Trading Down 3.6 %

Shares of NASDAQ CSLR traded down $0.06 during trading hours on Thursday, hitting $1.63. 244,616 shares of the stock were exchanged, compared to its average volume of 313,885. The firm has a fifty day moving average price of $1.73 and a 200-day moving average price of $1.95. Complete Solaria has a 12 month low of $0.20 and a 12 month 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.