Ascent Solar Technologies Inc. (NASDAQ:ASTI) Sees Large Growth in Short Interest

Ascent Solar Technologies Inc. (NASDAQ:ASTI) was the target of a large growth in short interest in February. As of February 13th, there was short interest totaling 1,043,642 shares, a growth of 66.2% from the January 29th total of 628,085 shares. Based on an average daily volume of 4,015,402 shares, the days-to-cover ratio is currently 0.3 days. Currently, 15.1% of the shares of the stock are short sold. Currently, 15.1% of the shares of the stock are short sold. Based on an average daily volume of 4,015,402 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Investors Weigh In On Ascent Solar Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ASTI. HRT Financial LP purchased a new position in shares of Ascent Solar Technologies during the 4th quarter valued at $208,000. MYDA Advisors LLC acquired a new stake in Ascent Solar Technologies during the fourth quarter valued at $206,000. Jane Street Group LLC purchased a new position in Ascent Solar Technologies in the fourth quarter valued at about $116,000. Cetera Investment Advisers purchased a new position in Ascent Solar Technologies in the fourth quarter valued at about $89,000. Finally, Founders Financial Securities LLC purchased a new stake in shares of Ascent Solar Technologies during the 3rd quarter worth about $34,000. Hedge funds and other institutional investors own 10.55% of the company’s stock.

Analyst Ratings Changes

ASTI has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Ascent Solar Technologies in a research report on Wednesday, January 21st. Wall Street Zen raised Ascent Solar Technologies from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, Ascent Solar Technologies presently has a consensus rating of “Sell”.

Ascent Solar Technologies Trading Up 2.4%

Shares of NASDAQ ASTI opened at $6.30 on Monday. Ascent Solar Technologies has a one year low of $1.10 and a one year high of $9.87. The business has a 50-day moving average price of $5.48 and a two-hundred day moving average price of $3.30. The firm has a market capitalization of $48.45 million, a PE ratio of -2.16 and a beta of 1.26.

About Ascent Solar Technologies

Ascent Solar Technologies, Inc (NASDAQ:ASTI) develops and manufactures thin-film photovoltaic modules based on copper indium gallium selenide (CIGS) semiconductor technology. Designed for lightweight, flexible and durable integration, Ascent Solar’s products are well-suited to mobile and off-grid applications where conventional rigid panels are impractical. The company’s portfolio includes both rollable and laminate modules that can be bonded onto a variety of surfaces, from textiles and curved structures to aerospace platforms.

Ascent Solar’s modules target a diverse set of end markets, including military and defense sectors, unmanned aerial vehicles (UAVs), consumer electronics, automotive and building-integrated photovoltaics (BIPV).