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

Ascent Solar Technologies Inc. (NASDAQ:ASTI) saw a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 1,043,642 shares, a growth of 66.2% from the January 29th total of 628,085 shares. Based on an average daily trading volume, of 4,015,402 shares, the short-interest ratio is presently 0.3 days. Approximately 15.1% of the shares of the company are sold short. Approximately 15.1% of the shares of the company are sold short. Based on an average daily trading volume, of 4,015,402 shares, the short-interest ratio is presently 0.3 days.

Hedge Funds Weigh In On Ascent Solar Technologies

A number of institutional investors have recently bought and sold shares of the stock. Cetera Investment Advisers bought a new stake in Ascent Solar Technologies during the fourth quarter valued at about $89,000. MYDA Advisors LLC bought a new position in shares of Ascent Solar Technologies in the fourth quarter worth about $206,000. Jane Street Group LLC purchased a new position in shares of Ascent Solar Technologies during the 4th quarter valued at about $116,000. HRT Financial LP purchased a new position in shares of Ascent Solar Technologies during the 4th quarter valued at about $208,000. Finally, Geode Capital Management LLC grew its stake in shares of Ascent Solar Technologies by 87.7% during the 4th quarter. Geode Capital Management LLC now owns 26,938 shares of the company’s stock valued at $111,000 after acquiring an additional 12,588 shares during the period. 10.55% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ASTI has been the subject of a number of research analyst reports. 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 research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Ascent Solar Technologies Trading Up 2.4%

Shares of ASTI stock opened at $6.30 on Friday. Ascent Solar Technologies has a 12 month low of $1.10 and a 12 month high of $9.87. The stock has a market cap of $48.45 million, a P/E ratio of -2.16 and a beta of 1.46. The company has a 50 day simple moving average of $5.48 and a two-hundred day simple moving average of $3.28.

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).