Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) Short Interest Up 37.0% in January

Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 453,343 shares, a growth of 37.0% from the January 15th total of 330,807 shares. Based on an average daily volume of 510,982 shares, the days-to-cover ratio is presently 0.9 days. Currently, 2.7% of the shares of the stock are sold short. Currently, 2.7% of the shares of the stock are sold short. Based on an average daily volume of 510,982 shares, the days-to-cover ratio is presently 0.9 days.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Maxeon Solar Technologies in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Maxeon Solar Technologies Trading Down 2.7%

Shares of MAXN stock traded down $0.07 during trading hours on Tuesday, hitting $2.53. 175,394 shares of the company’s stock were exchanged, compared to its average volume of 353,394. The company has a market capitalization of $42.28 million, a PE ratio of -0.02 and a beta of 1.12. Maxeon Solar Technologies has a 12-month low of $2.46 and a 12-month high of $5.94. The business’s 50 day simple moving average is $3.05 and its 200-day simple moving average is $3.40.

Institutional Trading of Maxeon Solar Technologies

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

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.