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

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

Maxeon Solar Technologies Price Performance

NASDAQ:MAXN opened at $2.45 on Friday. Maxeon Solar Technologies has a 1 year low of $2.40 and a 1 year high of $4.97. The stock’s fifty day moving average price is $2.91 and its two-hundred day moving average price is $3.31. The company has a market cap of $40.94 million, a P/E ratio of -0.02 and a beta of 1.12.

Hedge Funds Weigh In On Maxeon Solar Technologies

An institutional investor recently bought a new position in Maxeon Solar Technologies stock. Mackenzie Financial Corp acquired a new stake in shares of Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 10,944 shares of the company’s stock, valued at approximately $37,000. Mackenzie Financial Corp owned approximately 1.99% of Maxeon Solar Technologies at the end of the most recent quarter. 47.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Maxeon Solar Technologies in a research note on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently 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.