$ASTI, short chasing today, Posted On: 01/29/2016

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fitzkarz Jack30 #8224
$ASTI, short chasing today,

Posted On: 01/29/2016 8:09:34 PM
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Posted By: fitzkarz
$ASTI closed @.071 up 6.17%

Short Interest in Ascent Solar Technologies, Inc. (ASTI) Grows By 294.0%

Posted by Stephanie Chan on Jan 29th, 2016 // No Comments

Ascent Solar Technologies logoAscent Solar Technologies, Inc. (NASDAQ:ASTI) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 4,365,527 shares, a growth of 294.0% from the December 31st total of 1,108,016 shares, MarketBeat.com reports. Currently, 3.0% of the company’s shares are short sold. Based on an average trading volume of 10,253,411 shares, the days-to-cover ratio is presently 0.4 days.

Shares of Ascent Solar Technologies (NASDAQ:ASTI) opened at 0.0669 on Friday. Ascent Solar Technologies has a one year low of $0.06 and a one year high of $2.08. The stock’s market capitalization is $6.23 million. The company’s 50-day moving average price is $0.12 and its 200 day moving average price is $0.18.

Ascent Solar Technologies (NASDAQ:ASTI) last issued its quarterly earnings results on Friday, November 13th. The company reported ($0.11) EPS for the quarter. During the same period last year, the firm posted ($1.50) earnings per share. Analysts anticipate that Ascent Solar Technologies will post ($3.60) EPS for the current year.

Ascent Solar Technologies, Inc. is engaged in commercializing e photovoltaic (NASDAQ:ASTI) modules using its thin film technology. The Company’s manufacturing process deposits multiple layers of materials, including a thin film of copper-indium-gallium-diselenide (CIGS) semiconductor material, on a plastic substrate using a roll-to-roll manufacturing process and then laser patterns the layers to create interconnected PV cells or PV modules, in a process known as monolithic integration. It has launched its new line of consumer products under the EnerPlex brand, and introduced its first product, the Surfr, a battery and a solar case for the Apple iPhone 4/4S smart phone featuring its CIGS thin film technology integrated directly into the case. The case incorporates its PV module into a sleek, protective iPhone 4/4S case, along with a thin, life extending, battery. It has launched second version of Surfr for the Samsung Galaxy S III, which provides 85% additional battery life.
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