How Is The Market Feeling About Ascent Solar Technologies?
Portfolio Pulse from Benzinga Insights
Ascent Solar Technologies (NYSE:ASTI) has seen a significant increase in short interest, rising 615.09% since its last report. The company now has 38,000 shares sold short, representing 3.79% of its float. This is higher than the peer group average of 1.72%, indicating bearish sentiment among investors.
August 27, 2024 | 3:00 pm
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Ascent Solar Technologies has experienced a 615.09% increase in short interest, now at 3.79% of its float, indicating bearish sentiment. This is significantly higher than its peers' average short interest of 1.72%.
The significant increase in short interest suggests that investors are bearish on Ascent Solar Technologies. The short interest is also higher than the peer average, which could indicate a lack of confidence in the company's performance relative to its peers. This bearish sentiment could lead to downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100