Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) Short Interest Update

Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 453,343 shares, an increase of 37.0% from the January 15th total of 330,807 shares. Currently, 2.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 510,982 shares, the short-interest ratio is presently 0.9 days. Based on an average daily trading volume, of 510,982 shares, the short-interest ratio is presently 0.9 days. Currently, 2.7% of the shares of the stock are short sold.

Maxeon Solar Technologies Trading Up 2.0%

Shares of MAXN stock traded up $0.05 on Friday, reaching $2.61. The company’s stock had a trading volume of 102,223 shares, compared to its average volume of 520,993. The stock’s fifty day simple moving average is $3.05 and its 200-day simple moving average is $3.41. Maxeon Solar Technologies has a 1 year low of $2.46 and a 1 year high of $6.02. The company has a market capitalization of $43.62 million, a price-to-earnings ratio of -0.02 and a beta of 1.12.

Institutional Trading of Maxeon Solar Technologies

A hedge fund recently bought a new stake in Maxeon Solar Technologies stock. Mackenzie Financial Corp bought a new stake in shares of Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 10,944 shares of the company’s stock, valued at approximately $37,000. Mackenzie Financial Corp owned approximately 1.99% of Maxeon Solar Technologies at the end of the most recent quarter. 47.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Maxeon Solar Technologies in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has a consensus rating of “Sell”.

About Maxeon Solar Technologies

Maxeon Solar Technologies, traded on NASDAQ as MAXN, is a global leader in the design and manufacture of high-efficiency solar panels. Utilizing its proprietary interdigitated back contact (IBC) cell architecture, Maxeon delivers advanced photovoltaic modules that offer superior performance, reliability, and durability to residential, commercial, and utility-scale customers. The company’s product portfolio includes a range of solar panels optimized for various installation scenarios and climates, underpinned by its commitment to quality and long-term warranty coverage.

Headquartered in Singapore, Maxeon operates manufacturing facilities in Malaysia, Mexico, and France, and maintains a broad footprint across the Americas, Europe, the Middle East, Africa, and Asia Pacific.