Short Interest in Ascent Solar Technologies Inc. (NASDAQ:ASTI) Expands By 66.2%

Ascent Solar Technologies Inc. (NASDAQ:ASTI) was the recipient of a significant growth in short interest during the month of 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. Approximately 15.1% of the shares of the stock are sold short. Based on an average trading volume of 4,015,402 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 4,015,402 shares, the days-to-cover ratio is presently 0.3 days. Approximately 15.1% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ASTI. Weiss Ratings reiterated a “sell (e+)” rating on shares of Ascent Solar Technologies in a report on Wednesday, January 21st. Wall Street Zen upgraded Ascent Solar Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Ascent Solar Technologies Trading Up 2.4%

NASDAQ ASTI opened at $6.30 on Friday. The firm has a market capitalization of $48.45 million, a PE ratio of -2.16 and a beta of 1.46. The business’s 50-day moving average price is $5.48 and its two-hundred day moving average price is $3.29. Ascent Solar Technologies has a 12 month low of $1.10 and a 12 month high of $9.87.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. HRT Financial LP acquired a new stake in shares of Ascent Solar Technologies during the fourth quarter worth $208,000. Jane Street Group LLC bought a new stake in Ascent Solar Technologies during the fourth quarter valued at $116,000. Geode Capital Management LLC boosted its position in Ascent Solar Technologies by 87.7% during the fourth quarter. Geode Capital Management LLC now owns 26,938 shares of the company’s stock valued at $111,000 after acquiring an additional 12,588 shares during the last quarter. Cetera Investment Advisers acquired a new stake in Ascent Solar Technologies during the 4th quarter worth about $89,000. Finally, MYDA Advisors LLC bought a new position in shares of Ascent Solar Technologies in the 4th quarter worth about $206,000. Institutional investors and hedge funds own 10.55% of the company’s stock.

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).