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

Ascent Solar Technologies, Inc. (NASDAQ:ASTI) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 662,200 shares, an increase of 15.0% from the March 15th total of 576,000 shares. Currently, 19.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 665,500 shares, the days-to-cover ratio is presently 1.0 days.

Ascent Solar Technologies Stock Performance

NASDAQ:ASTI traded down $0.01 during mid-day trading on Tuesday, reaching $0.12. The stock had a trading volume of 560,573 shares, compared to its average volume of 871,141. The stock has a 50-day simple moving average of $0.44 and a two-hundred day simple moving average of $0.76. Ascent Solar Technologies has a 12 month low of $0.12 and a 12 month high of $80.00.

Hedge Funds Weigh In On Ascent Solar Technologies

A hedge fund recently bought a new stake in Ascent Solar Technologies stock. Warberg Asset Management LLC bought a new position in shares of Ascent Solar Technologies, Inc. (NASDAQ:ASTI) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 20,000 shares of the company’s stock, valued at approximately $36,000. Warberg Asset Management LLC owned 5.88% of Ascent Solar Technologies at the end of the most recent reporting period. 10.55% of the stock is currently owned by institutional investors and hedge funds.

Ascent Solar Technologies Company Profile

Ascent Solar Technologies, Inc, a solar technology company, engages in the manufacture and sale of photovoltaic solar modules in the United States. The company markets and sells its products through OEMs, system integrators, distributors, retailers, and value-added resellers. It serves agrivoltaics, aerospace, satellites, near earth orbiting vehicles, and fixed wing unmanned aerial vehicles.