Short Interest in Real Goods Solar, Inc. (RGSE) Grows By 207.4%
Real Goods Solar, Inc. (NASDAQ:RGSE) was the recipient of a large increase in short interest during the month of October. As of October 13th, there was short interest totalling 2,157,952 shares, an increase of 207.4% from the September 29th total of 702,052 shares. Based on an average daily volume of 8,774,952 shares, the short-interest ratio is presently 0.2 days. Currently, 28.9% of the company’s stock are sold short.
A hedge fund recently raised its stake in Real Goods Solar stock. Vanguard Group Inc. boosted its stake in Real Goods Solar, Inc. (NASDAQ:RGSE) by 34.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 123,315 shares of the energy company’s stock after acquiring an additional 31,344 shares during the period. Vanguard Group Inc. owned about 1.65% of Real Goods Solar worth $120,000 as of its most recent SEC filing. 3.27% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Real Goods Solar (NASDAQ:RGSE) opened at 2.03 on Thursday. Real Goods Solar has a one year low of $0.60 and a one year high of $67.80. The stock’s market cap is $15.18 million. The stock’s 50 day moving average price is $1.38 and its 200 day moving average price is $1.07.
Real Goods Solar (NASDAQ:RGSE) last released its quarterly earnings data on Wednesday, August 9th. The energy company reported ($0.53) earnings per share (EPS) for the quarter. Real Goods Solar had a negative return on equity of 233.16% and a negative net margin of 184.38%. The firm had revenue of $3.00 million for the quarter. Analysts forecast that Real Goods Solar will post ($0.78) earnings per share for the current year.
About Real Goods Solar
Real Goods Solar, Inc is a residential and commercial solar energy engineering, procurement, and construction company. The Company offers turnkey services, including design, procurement, permitting, build-out, grid connection, financing referrals and warranty and customer satisfaction activities. Its solar energy systems use solar photovoltaic (PV) modules.
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