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

Ascent Solar Technologies, Inc. (NASDAQ:ASTI) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 1,000,000 shares, an increase of 51.0% from the March 31st total of 662,200 shares. Based on an average trading volume of 1,190,000 shares, the days-to-cover ratio is presently 0.8 days. Approximately 5.9% of the company’s stock are sold short.

Ascent Solar Technologies Stock Performance

Ascent Solar Technologies stock remained flat at $0.10 during midday trading on Friday. 1,996,946 shares of the company’s stock traded hands, compared to its average volume of 1,982,175. The business’s 50 day moving average price is $0.34 and its 200-day moving average price is $0.68. Ascent Solar Technologies has a one year low of $0.09 and a one year high of $62.00. The firm has a market cap of $378,621.00, a P/E ratio of 0.00 and a beta of 1.96.

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 acquired a new position in shares of Ascent Solar Technologies, Inc. (NASDAQ:ASTI) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 20,000 shares of the company’s stock, valued at approximately $36,000. Warberg Asset Management LLC owned approximately 5.88% of Ascent Solar Technologies as of its most recent SEC filing. 10.55% of the stock is owned by institutional investors.

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.