Complete Solaria, Inc. (NASDAQ:CSLR) Short Interest Up 6.9% in October

Complete Solaria, Inc. (NASDAQ:CSLR - Get Free Report) was the target of a significant growth in short interest during the month of October. As of October 15th, there was short interest totalling 911,600 shares, a growth of 6.9% from the September 30th total of 852,500 shares. Based on an average daily trading volume, of 620,200 shares, the days-to-cover ratio is currently 1.5 days. Currently, 2.2% of the shares of the company are sold short.

Insiders Place Their Bets

In related news, major shareholder Carlyle Group Inc. sold 275,000 shares of the business's stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $2.20, for a total value of $605,000.00. Following the sale, the insider now directly owns 2,405,461 shares in the company, valued at approximately $5,292,014.20. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, major shareholder Carlyle Group Inc. sold 275,000 shares of the firm's stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $2.20, for a total value of $605,000.00. Following the completion of the transaction, the insider now directly owns 2,405,461 shares of the company's stock, valued at approximately $5,292,014.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Solis Holdings L.L.C. Crsef sold 250,000 shares of the business's stock in a transaction on Monday, October 14th. The shares were sold at an average price of $2.23, for a total transaction of $557,500.00. Following the sale, the insider now directly owns 2,905,461 shares in the company, valued at $6,479,178.03. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,721,540 shares of company stock valued at $3,762,066 over the last ninety days. 92.48% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Complete Solaria

An institutional investor recently raised its position in Complete Solaria stock. Carlyle Group Inc. increased its stake in Complete Solaria, Inc. (NASDAQ:CSLR - Free Report) by 79.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,936,483 shares of the company's stock after purchasing an additional 2,190,604 shares during the period. Complete Solaria makes up approximately 0.2% of Carlyle Group Inc.'s portfolio, making the stock its 20th biggest holding. Carlyle Group Inc. owned approximately 10.05% of Complete Solaria worth $2,715,000 as of its most recent SEC filing. 30.25% of the stock is owned by institutional investors.

Complete Solaria Stock Performance

Complete Solaria stock traded up $0.04 during midday trading on Friday, reaching $2.14. 290,727 shares of the stock were exchanged, compared to its average volume of 1,335,616. Complete Solaria has a 52 week low of $0.20 and a 52 week high of $3.37. The company's fifty day moving average is $2.30 and its 200-day moving average is $1.63.

Complete Solaria (NASDAQ:CSLR - Get Free Report) last released its quarterly earnings results on Wednesday, August 14th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.16). The firm had revenue of $4.49 million for the quarter, compared to analysts' expectations of $11.00 million. As a group, analysts expect that Complete Solaria will post -0.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Cantor Fitzgerald restated an "overweight" rating and issued a $6.00 target price on shares of Complete Solaria in a research note on Tuesday, October 1st.

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.