Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) Sees Large Growth in Short Interest

Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) was the recipient of a large growth in short interest in April. As of April 15th, there was short interest totaling 1,128,495 shares, a growth of 32.6% from the March 31st total of 850,858 shares. Currently, 6.8% of the shares of the stock are sold short. Based on an average daily trading volume, of 10,750,075 shares, the short-interest ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

MAXN has been the subject of several research reports. Wall Street Zen raised Maxeon Solar Technologies to a “hold” rating in a research note on Saturday, March 7th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Maxeon Solar Technologies in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Hedge Funds Weigh In On Maxeon Solar Technologies

A hedge fund recently bought a new stake in Maxeon Solar Technologies stock. Mackenzie Financial Corp acquired a new stake in shares of Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 10,944 shares of the company’s stock, valued at approximately $37,000. Mackenzie Financial Corp owned approximately 1.99% of Maxeon Solar Technologies at the end of the most recent quarter. Institutional investors own 47.67% of the company’s stock.

Maxeon Solar Technologies Trading Up 1.8%

NASDAQ MAXN traded up $0.01 during trading on Friday, hitting $0.77. 3,364,656 shares of the company traded hands, compared to its average volume of 5,610,690. Maxeon Solar Technologies has a 12 month low of $0.67 and a 12 month high of $4.97. The business has a fifty day simple moving average of $1.80 and a 200 day simple moving average of $2.67. The company has a market capitalization of $12.92 million, a P/E ratio of 0.00 and a beta of 1.26.

About Maxeon Solar Technologies

Maxeon Solar Technologies, traded on NASDAQ as MAXN, is a global leader in the design and manufacture of high-efficiency solar panels. Utilizing its proprietary interdigitated back contact (IBC) cell architecture, Maxeon delivers advanced photovoltaic modules that offer superior performance, reliability, and durability to residential, commercial, and utility-scale customers. The company’s product portfolio includes a range of solar panels optimized for various installation scenarios and climates, underpinned by its commitment to quality and long-term warranty coverage.

Headquartered in Singapore, Maxeon operates manufacturing facilities in Malaysia, Mexico, and France, and maintains a broad footprint across the Americas, Europe, the Middle East, Africa, and Asia Pacific.