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

Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) was the target of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 698,070 shares, a growth of 54.0% from the January 29th total of 453,343 shares. Based on an average daily trading volume, of 504,873 shares, the short-interest ratio is presently 1.4 days. Currently, 4.2% of the shares of the company are sold short. Currently, 4.2% of the shares of the company are sold short. Based on an average daily trading volume, of 504,873 shares, the short-interest ratio is presently 1.4 days.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Maxeon Solar Technologies in a research note on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus 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 position in shares of Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 10,944 shares of the company’s stock, valued at approximately $37,000. Mackenzie Financial Corp owned 1.99% of Maxeon Solar Technologies at the end of the most recent reporting period. 47.67% of the stock is currently owned by institutional investors.

Maxeon Solar Technologies Stock Up 1.2%

Shares of NASDAQ:MAXN opened at $2.48 on Tuesday. Maxeon Solar Technologies has a fifty-two week low of $2.36 and a fifty-two week high of $4.97. The firm’s 50-day simple moving average is $2.90 and its 200-day simple moving average is $3.30. The company has a market cap of $41.44 million, a price-to-earnings ratio of -0.02 and a beta of 1.12.

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.