Short Interest Heats Up Again in Solar Stocks

Photo of Paul Ausick
By Paul Ausick Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Solar rooftop installation
Thinkstock
The solar sector doesn’t excite investors the way it did a few years ago, and short sellers have been about as enthusiastic. Prices have stabilized for solar products and that has been encouraging investors. That action in turn brings out the shorts, who think that any run-up in solar stocks is bound to result in a payoff for non-believers. The following information is based on data reported for the two-week period ending May 30.

First Solar Inc. (NASDAQ: FSLR) saw short interest fall by 5.2% to 8.14 million shares, which represents 11.1% of the company’s float. In the two-week short interest period to May 30, shares slipped about 0.2%, and they are up about 8.5% year-to-date through Tuesday’s close at $62.32. The stock’s 52-week range is $35.59 to $74.84.

SunEdison Inc. (NYSE: SUNE) showed an increase of 5.3% in short interest to 67.83 million shares. About 25.5% of the company’s stock is now short. In the latest two-week short interest period, shares gained nearly 9%, and they are up more than 38% year-to-date through Tuesday. The stock’s 52-week range is $6.24 to $21.93, and shares last closed at $19.26. The spin-off of SunEdison Semiconductor Pte. Ltd. (NASDAQ: SEMI) during this two-week period had the opposite effect that short sellers expect: SunEdison’s stock followed the new company’s stock higher.

SunPower Corp. (NASDAQ: SPWR) saw a short interest drop of 5.2% to 11.16 million shares, or 21.8% of the company’s total float. In the two-week short interest period to May 30, shares gained about 1.1%, but they are up 4% year-to-date after closing at $33.60 on Tuesday. The stock’s 52-week range is $17.52 to $37.14.

SolarCity Corp. (NASDAQ: SCTY) showed a rise of 7% in short interest to 12.32 million shares, or 26.3% of the company’s float. In the two-week short interest period, shares slipped 3.4%, and they are down nearly 18% through Tuesday’s close of $49.19. The stock’s 52-week range is $28.31 to $88.35.

GT Advanced Technologies Inc. (NASDAQ: GTAT) saw short interest rise by 6.2% to 45.7 million shares, about 33.9% of the company’s total float. In the two-week short interest period to May 30, shares rose nearly 22%. They are up nearly 80% year to date through Tuesday’s close at $16.34. The stock has a 52-week range of $3.44 to $19.44.

ALSO READ: Short Sellers Change Oil and Gas Bets as Crude Oil Approaches $105

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for a673b.bigscoots-temp.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Our $500K AI Portfolio

See us invest in our favorite AI stock ideas for free

Our Investment Portfolio

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618