Ascent Solar Technologies Inc. (NASDAQ:ASTI) Short Interest Down 93.1% in January

Ascent Solar Technologies Inc. (NASDAQ:ASTI) was the target of a large decline in short interest in January. As of January 15th, there was short interest totaling 63,057 shares, a decline of 93.1% from the December 31st total of 914,037 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average daily trading volume, of 2,929,663 shares, the days-to-cover ratio is presently 0.0 days. Based on an average daily trading volume, of 2,929,663 shares, the days-to-cover ratio is presently 0.0 days. Currently, 1.5% of the company’s stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Ascent Solar Technologies stock. Founders Financial Securities LLC acquired a new stake in Ascent Solar Technologies Inc. (NASDAQ:ASTI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 17,222 shares of the company’s stock, valued at approximately $34,000. Founders Financial Securities LLC owned 0.56% of Ascent Solar Technologies at the end of the most recent quarter. 10.55% of the stock is owned by hedge funds and other institutional investors.

Ascent Solar Technologies Stock Performance

ASTI opened at $5.68 on Thursday. The firm has a market cap of $26.75 million, a P/E ratio of -1.95 and a beta of 1.18. The business has a 50 day moving average price of $3.74 and a 200 day moving average price of $2.62. Ascent Solar Technologies has a twelve month low of $1.10 and a twelve month high of $8.44.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Wall Street Zen raised shares of Ascent Solar Technologies from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. Weiss Ratings restated a “sell (e+)” rating on shares of Ascent Solar Technologies in a research note on Wednesday, January 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

Ascent Solar Technologies Company Profile

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).