Short Interest in Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) Expands By 54.0%

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

Hedge Funds Weigh In On Maxeon Solar Technologies

An institutional investor recently bought a new position in Maxeon Solar Technologies stock. Mackenzie Financial Corp bought a new position in Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,944 shares of the company’s stock, valued at approximately $37,000. Mackenzie Financial Corp owned about 1.99% of Maxeon Solar Technologies at the end of the most recent reporting period. Institutional investors own 47.67% of the company’s stock.

Maxeon Solar Technologies Price Performance

NASDAQ:MAXN opened at $2.45 on Friday. The company has a market cap of $40.94 million, a PE ratio of -0.02 and a beta of 1.12. The firm’s 50 day simple moving average is $2.91 and its 200 day simple moving average is $3.31. Maxeon Solar Technologies has a one year low of $2.40 and a one year high of $4.97.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Maxeon Solar Technologies in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Maxeon Solar Technologies has a consensus rating of “Sell”.

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.