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

Ascent Solar Technologies Inc. (NASDAQ:ASTI) was the recipient of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 1,387,522 shares, an increase of 32.9% from the February 12th total of 1,043,642 shares. Based on an average trading volume of 1,460,056 shares, the short-interest ratio is presently 1.0 days. Currently, 20.1% of the shares of the company are short sold. Currently, 20.1% of the shares of the company are short sold. Based on an average trading volume of 1,460,056 shares, the short-interest ratio is presently 1.0 days.

Analysts Set New Price Targets

ASTI has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ascent Solar Technologies in a report on Wednesday, January 21st. Wall Street Zen raised 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, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Ascent Solar Technologies Trading Down 9.7%

Shares of Ascent Solar Technologies stock opened at $4.95 on Friday. The firm has a market cap of $38.08 million, a PE ratio of -1.70 and a beta of 1.26. The stock has a 50 day moving average of $5.84 and a 200 day moving average of $3.56. Ascent Solar Technologies has a 12 month low of $1.10 and a 12 month high of $9.87.

Institutional Inflows and Outflows

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

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).