Short Interest in Ascent Solar Technologies Inc. (NASDAQ:ASTI) Decreases By 93.1%

Ascent Solar Technologies Inc. (NASDAQ:ASTI) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 63,057 shares, a decline of 93.1% from the December 31st total of 914,037 shares. Based on an average daily trading volume, of 2,929,663 shares, the short-interest ratio is currently 0.0 days. Currently, 1.5% of the shares of the company are sold short. Currently, 1.5% of the shares of the company are sold short. Based on an average daily trading volume, of 2,929,663 shares, the short-interest ratio is currently 0.0 days.

Analysts Set New Price Targets

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

Ascent Solar Technologies Trading Up 4.7%

NASDAQ ASTI opened at $6.21 on Wednesday. The company has a 50-day moving average price of $3.66 and a two-hundred day moving average price of $2.60. Ascent Solar Technologies has a 52 week low of $1.10 and a 52 week high of $8.44. The stock has a market cap of $29.25 million, a price-to-earnings ratio of -2.13 and a beta of 1.18.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Ascent Solar Technologies stock. Founders Financial Securities LLC purchased a new stake in shares of Ascent Solar Technologies Inc. (NASDAQ:ASTI) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 10.55% of the company’s stock.

Ascent Solar Technologies Company Profile

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).