Short Interest Update on Real Goods Solar (RGSE)

Real Goods Solar (RGSE) : The short interest in Real Goods Solar (RGSE) has increased from 41,735 to 75,032 from Jul 29, 2016, to August 15, 2016, indicating that the traders are bearish on the stock. On an average, 121,667 shares are traded daily in the stock and only 1 days are left for the shorts to cover. The short open interest is 13% of the total shares in the hands of the public. The shorts in the stock have gone up by 33,297 shares, which is an increase of 79.8% over the previous reading. The short interest information was released on Wednesday Aug 24th after the market close.

Real Goods Solar (NASDAQ:RGSE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.06 and $7.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.46. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.30, notching a gain of 3.84% for the day. The total traded volume was 20,399 . The stock had closed at $7.03 on the previous day.


In a related news, Belluck David L, director of Real Goods Solar, Inc., executed a transaction worth $1,244,133 on July 15, 2015. A total of 378,156 shares were purchased at an average price of $3.29. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.

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