Canadian Solar (CSIQ) : Traders are increasing their bearish positions on the stock, as is visible by the 16.3% jump in the outstanding short positions; a total addition of 862,275 shares on the sell side. On Jul 29, 2016, the total short positions were 5,299,778 shares, which went up to 6,162,053 shares by the close of trading on August 15, 2016. It will take 2 days for the bears to roll over or cover. An average of 2,498,463 shares exchange hands daily. 13.9% of the float of the stock has been sold short by the bears. The short interest information was released on Wednesday Aug 24th after the market close.
Canadian Solar (NASDAQ:CSIQ): The stock opened at $13.00 on Wednesday but the bulls could not build on the opening and the stock topped out at $13.45 for the day. The stock traded down to $12.81 during the day, due to lack of any buying support eventually closed down at $12.89 with a loss of -4.23% for the day. The stock had closed at $13.46 on the previous day. The total traded volume was 3,203,759 shares.
Canadian Solar Inc. is a solar power company, which designs, develops and manufactures solar wafers, solar cells and solar power products. The Companys solar power products include standard solar modules and specialty solar products. It has two segments: module segment and energy segment. The Companys module segment primarily involves design, development, manufacture and sales of solar power products and solar system kits. The Companys energy segment involves solar power project development, engineering, procurement and construction services, operations and maintenance services, and electricity revenue generation. Its products include a range of solar modules for use in residential, commercial and industrial solar power generation systems. Its specialty solar products consist of solar modules that the customers incorporate into their own products and complete specialty products, such as portable solar home systems. The Company sells its products under Canadian Solar brand name.