First Solar June 15th Short Interest Update

First Solar (NASDAQ:FSLR) has witnessed a rise of 8.4% or 659,464 shares in its short figure. The short interest augmentation took it from 7,824,295 on May 31,2016 to 8,483,759 on June 15,2016. In terms of floated shares, the short interest was calculated to be 11.3%. The days to cover are 6 given that the daily volume averaged 1,505,627 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.

First Solar (NASDAQ:FSLR): The stock opened at $46.51 on Friday but the bulls could not build on the opening and the stock topped out at $47.49 for the day. The stock traded down to $45.73 during the day, due to lack of any buying support eventually closed down at $46.02 with a loss of -5.41% for the day. The stock had closed at $48.65 on the previous day. The total traded volume was 2,064,914 shares.

The company shares have dropped -3.80% from its 1 Year high price. On Mar 18, 2016, the shares registered one year high at $74.29 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $49.28 and the 200 Day Moving Average price is recorded at $60.73.

First Solar (NASDAQ:FSLR) has tumbled 5.15% during the past week and has dropped 7.78% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 3.58%. First Solar (NASDAQ:FSLR) has underperformed the index by 4.98% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

First Solar, Inc. is a global provider of solar energy solutions. The Company designs, manufactures and sells photovoltaic (PV) solar modules, and also develops, designs, constructs and sells PV solar power solutions. The Company operates through two segments: components and systems. The Companys components segment involves the design, manufacture and sale of solar modules, which convert sunlight into electricity. The systems segment provides turn-key PV solar power systems or solar solutions for systems primarily using its solar modules. The Company also manufactures crystalline silicon solar modules and single-axis mounting systems with tracking capabilities. The Company offers its products and services for residential, commercial and industrial applications, including solar power system project developers, system integrators and solar plant operators, throughout the Americas, Asia, Australia, the Middle East and Africa.

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