Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) Short Interest Up 32.6% in April

Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totaling 1,128,495 shares, a growth of 32.6% from the March 31st total of 850,858 shares. Based on an average daily trading volume, of 10,750,075 shares, the days-to-cover ratio is presently 0.1 days. Approximately 6.8% of the shares of the company are short sold.

Hedge Funds Weigh In On Maxeon Solar Technologies

An institutional investor recently bought a new position in Maxeon Solar Technologies stock. Mackenzie Financial Corp purchased a new position in Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,944 shares of the company’s stock, valued at approximately $37,000. Mackenzie Financial Corp owned 1.99% of Maxeon Solar Technologies at the end of the most recent quarter. Institutional investors own 47.67% of the company’s stock.

Maxeon Solar Technologies Stock Performance

MAXN opened at $1.13 on Wednesday. The company has a fifty day moving average of $1.86 and a two-hundred day moving average of $2.70. The stock has a market capitalization of $18.88 million, a price-to-earnings ratio of -0.01 and a beta of 1.26. Maxeon Solar Technologies has a fifty-two week low of $0.67 and a fifty-two week high of $4.97.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. Wall Street Zen upgraded Maxeon Solar Technologies to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings restated a “sell (e+)” rating on shares of Maxeon Solar Technologies in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Maxeon Solar Technologies 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.