Complete Solaria, Inc. (NASDAQ:CSLR) Short Interest Down 9.9% in December

Complete Solaria, Inc. (NASDAQ:CSLR) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totalling 1,550,000 shares, a decline of 9.9% from the December 15th total of 1,720,000 shares. Approximately 3.0% of the shares of the stock are sold short. Based on an average daily volume of 662,300 shares, the short-interest ratio is presently 2.3 days.

Complete Solaria Stock Down 2.4 %

Shares of NASDAQ CSLR traded down $0.04 during trading on Friday, hitting $1.61. 205,393 shares of the company traded hands, compared to its average volume of 384,888. Complete Solaria has a 1 year low of $0.20 and a 1 year high of $3.37. The company has a 50-day moving average price of $1.81 and a 200-day moving average price of $1.91.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Complete Solaria news, major shareholder Solis Holdings L.L.C. Crsef sold 56,509 shares of Complete Solaria stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $2.03, for a total value of $114,713.27. Following the completion of the sale, the insider now directly owns 2,020,865 shares of the company’s stock, valued at approximately $4,102,355.95. The trade was a 2.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Adam Gishen sold 100,000 shares of Complete Solaria stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $1.60, for a total transaction of $160,000.00. Following the completion of the sale, the director now directly owns 167,742 shares of the company’s stock, valued at $268,387.20. The trade was a 37.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 234,596 shares of company stock worth $432,445 in the last ninety days. Insiders own 44.60% of the company’s stock.

Institutional Trading of Complete Solaria

A number of institutional investors have recently added to or reduced their stakes in the business. ARS Investment Partners LLC boosted its position in Complete Solaria by 12.0% during the 4th quarter. ARS Investment Partners LLC now owns 60,795 shares of the company’s stock worth $109,000 after purchasing an additional 6,510 shares during the period. Jane Street Group LLC purchased a new stake in Complete Solaria during the 3rd quarter worth $51,000. Quadrature Capital Ltd purchased a new stake in Complete Solaria during the 3rd quarter worth $81,000. State Street Corp boosted its position in Complete Solaria by 57.7% during the 3rd quarter. State Street Corp now owns 106,600 shares of the company’s stock worth $300,000 after purchasing an additional 39,000 shares during the period. Finally, XTX Topco Ltd purchased a new stake in Complete Solaria during the 3rd quarter worth $129,000. 30.25% of the stock is owned by hedge funds and other institutional investors.

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.