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

Complete Solaria, Inc. (NASDAQ:CSLR) was the target of a significant growth in short interest in 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. Approximately 2.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 620,200 shares, the days-to-cover ratio is presently 1.5 days.

Insider Activity

In related news, major shareholder Solis Holdings L.L.C. Crsef sold 924,466 shares of Complete Solaria stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $2.14, for a total value of $1,978,357.24. Following the sale, the insider now owns 3,643,231 shares of the company’s stock, valued at approximately $7,796,514.34. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Complete Solaria news, major shareholder Solis Holdings L.L.C. Crsef sold 924,466 shares of the stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $2.14, for a total transaction of $1,978,357.24. Following the completion of the transaction, the insider now owns 3,643,231 shares of the company’s stock, valued at $7,796,514.34. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Carlyle Group Inc. sold 275,000 shares of Complete Solaria 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 directly owns 2,405,461 shares in the company, valued at $5,292,014.20. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,721,540 shares of company stock worth $3,762,066 over the last three months. 92.48% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Complete Solaria

A hedge fund recently raised its stake in Complete Solaria stock. Carlyle Group Inc. boosted its holdings in Complete Solaria, Inc. (NASDAQ:CSLR) by 79.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,936,483 shares of the company’s stock after acquiring an additional 2,190,604 shares during the period. Complete Solaria accounts for about 0.2% of Carlyle Group Inc.’s portfolio, making the stock its 20th largest holding. Carlyle Group Inc. owned approximately 10.05% of Complete Solaria worth $2,715,000 at the end of the most recent quarter. Institutional investors and hedge funds own 30.25% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Complete Solaria Price Performance

Shares of NASDAQ:CSLR traded up $0.04 during midday trading on Friday, hitting $2.14. The company had a trading volume of 199,552 shares, compared to its average volume of 1,335,185. Complete Solaria has a twelve month low of $0.20 and a twelve month high of $3.37. The business’s 50-day simple moving average is $2.29 and its 200-day simple moving average is $1.61.

Complete Solaria (NASDAQ:CSLR) last issued its earnings results on Wednesday, August 14th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.16). The business had revenue of $4.49 million during the quarter, compared to analyst estimates of $11.00 million. Equities research analysts expect that Complete Solaria will post -0.37 EPS for the current fiscal year.

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.