Short Interest Heats Up Again in Solar Stocks
June 11, 2014 by Paul AusickFirst 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.
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