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

Complete Solaria, Inc. (NASDAQ:CSLR - Get Free Report) saw a significant growth in short interest in February. As of February 15th, there was short interest totalling 2,660,000 shares, a growth of 19.3% from the January 31st total of 2,230,000 shares. Based on an average daily trading volume, of 390,900 shares, the short-interest ratio is presently 6.8 days. Approximately 5.5% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

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

Complete Solaria Trading Down 4.3 %

NASDAQ CSLR traded down $0.06 during trading hours on Monday, reaching $1.32. 355,285 shares of the stock traded hands, compared to its average volume of 314,497. The stock has a 50 day simple moving average of $1.67 and a two-hundred day simple moving average of $1.95. Complete Solaria has a 1 year low of $0.20 and a 1 year high of $3.37.

Insider Buying and Selling

In related news, Director Adam Gishen sold 100,000 shares of the stock in a transaction on Tuesday, December 17th. The stock was 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 in the company, valued at approximately $268,387.20. This trade represents a 37.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 44.60% of the stock is currently owned by company insiders.

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Institutional Investors Weigh In On Complete Solaria

A number of large investors have recently added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp purchased a new stake in Complete Solaria during the fourth quarter valued at about $250,000. Millennium Management LLC lifted its stake in shares of Complete Solaria by 173.1% in the 4th quarter. Millennium Management LLC now owns 27,497 shares of the company's stock valued at $49,000 after acquiring an additional 17,429 shares during the last quarter. Bridgeway Capital Management LLC lifted its stake in shares of Complete Solaria by 108.5% in the 4th quarter. Bridgeway Capital Management LLC now owns 134,500 shares of the company's stock valued at $241,000 after acquiring an additional 70,000 shares during the last quarter. Alyeska Investment Group L.P. lifted its stake in shares of Complete Solaria by 1,538.7% in the 4th quarter. Alyeska Investment Group L.P. now owns 219,080 shares of the company's stock valued at $392,000 after acquiring an additional 205,711 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Complete Solaria in the 4th quarter valued at about $512,000. Hedge funds and other institutional investors own 30.25% of the company's stock.

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.