Ascent Solar Technologies Inc. (NASDAQ:ASTI) Short Interest Up 89.8% in December

Ascent Solar Technologies Inc. (NASDAQ:ASTI) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 914,037 shares, a growth of 89.8% from the December 15th total of 481,679 shares. Currently, 21.6% of the shares of the company are sold short. Based on an average daily volume of 4,288,471 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 4,288,471 shares, the days-to-cover ratio is currently 0.2 days. Currently, 21.6% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ASTI shares. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ascent Solar Technologies in a report on Wednesday, October 8th. Wall Street Zen raised Ascent Solar Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Ascent Solar Technologies has an average rating of “Sell”.

Institutional Investors Weigh In On Ascent Solar Technologies

A hedge fund recently bought a new stake in Ascent Solar Technologies stock. Founders Financial Securities LLC purchased a new stake in Ascent Solar Technologies Inc. (NASDAQ:ASTI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 17,222 shares of the company’s stock, valued at approximately $34,000. Founders Financial Securities LLC owned 0.56% of Ascent Solar Technologies at the end of the most recent reporting period. 10.55% of the stock is owned by institutional investors.

Ascent Solar Technologies Price Performance

Shares of Ascent Solar Technologies stock opened at $5.23 on Thursday. The company has a market cap of $24.63 million, a PE ratio of -1.79 and a beta of 1.18. The firm has a fifty day moving average price of $2.95 and a two-hundred day moving average price of $2.39. Ascent Solar Technologies has a fifty-two week low of $1.10 and a fifty-two week high of $7.40.

Ascent Solar Technologies (NASDAQ:ASTI) last announced its quarterly earnings data on Monday, November 10th. The company reported ($0.62) EPS for the quarter. The firm had revenue of $0.03 million for the quarter.

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).