Complete Solaria, Inc. (NASDAQ:CSLR) Short Interest Down 9.6% in November

Complete Solaria, Inc. (NASDAQ:CSLR) was the target of a significant decrease in short interest in November. As of November 30th, there was short interest totalling 1,700,000 shares, a decrease of 9.6% from the November 15th total of 1,880,000 shares. Currently, 3.6% of the company’s stock are short sold. Based on an average daily volume of 804,800 shares, the days-to-cover ratio is presently 2.1 days.

Wall Street Analyst Weigh In

Separately, Cantor Fitzgerald reiterated an “overweight” rating and issued a $6.00 price target on shares of Complete Solaria in a research report on Thursday, November 14th.

Insiders Place Their Bets

In related news, major shareholder Solis Holdings L.L.C. Crsef sold 924,466 shares of the stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $2.14, for a total transaction of $1,978,357.24. Following the sale, the insider now directly owns 3,643,231 shares of the company’s stock, valued at approximately $7,796,514.34. This represents a 20.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Carlyle Group Inc. sold 275,000 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 2,405,461 shares in the company, valued at approximately $5,292,014.20. This represents a 10.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,810,610 shares of company stock worth $3,959,641. 44.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Complete Solaria

Several large investors have recently made changes to their positions in CSLR. Quadrature Capital Ltd purchased a new stake in Complete Solaria in the third quarter worth $81,000. Jane Street Group LLC bought a new stake in Complete Solaria during the 3rd quarter valued at about $51,000. State Street Corp lifted its holdings in Complete Solaria by 57.7% during the 3rd quarter. State Street Corp now owns 106,600 shares of the company’s stock valued at $300,000 after buying an additional 39,000 shares in the last quarter. Finally, XTX Topco Ltd bought a new position in Complete Solaria in the 3rd quarter worth about $129,000. 30.25% of the stock is owned by institutional investors.

Complete Solaria Price Performance

Shares of CSLR opened at $1.71 on Friday. The business’s 50 day moving average is $2.06 and its 200 day moving average is $1.86. 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.