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

Ascent Solar Technologies Inc. (NASDAQ:ASTI) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 481,679 shares, a growth of 122.3% from the November 30th total of 216,653 shares. Based on an average trading volume of 1,082,947 shares, the days-to-cover ratio is presently 0.4 days. Currently, 15.4% of the company’s shares are sold short. Currently, 15.4% of the company’s shares are sold short. Based on an average trading volume of 1,082,947 shares, the days-to-cover ratio is presently 0.4 days.

Ascent Solar Technologies Trading Down 21.4%

NASDAQ:ASTI opened at $3.57 on Friday. The company has a 50-day moving average price of $2.34 and a 200-day moving average price of $2.14. The stock has a market cap of $16.21 million, a price-to-earnings ratio of -1.22 and a beta of 2.79. Ascent Solar Technologies has a 12 month low of $1.10 and a 12 month high of $7.40.

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on ASTI shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Ascent Solar Technologies in a research note on Wednesday, October 8th. Wall Street Zen upgraded Ascent Solar Technologies from a “sell” rating to a “hold” rating in a report on Saturday, November 22nd. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Ascent Solar Technologies has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Ascent Solar Technologies stock. Founders Financial Securities LLC bought a new stake in Ascent Solar Technologies Inc. (NASDAQ:ASTI) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 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 SEC filing. Hedge funds and other institutional investors 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).