Short Interest Update on First Solar (FSLR)

First Solar (FSLR) : The bears are holding on to their shorts in Accenture Plc with 2 more days remaining for them to cover their positions. The bearish positions have increased from 12,055,614 on Jul 29, 2016, to 14,754,290, on August 15, 2016. Daily, 5,935,331 shares are traded, which shows the high interest of the traders in the stock. The net addition of short open interest is 2,698,676 shares, which is an increase of just 22.4%. The total short interest of 19.7% of the float indicates that there arent many bears on this stock at the current prices. The short interest information was released on Wednesday Aug 24th after the market close.

First Solar (NASDAQ:FSLR): The stock opened at $37.33 on Wednesday but the bulls could not build on the opening and the stock topped out at $37.84 for the day. The stock traded down to $37.15 during the day, due to lack of any buying support eventually closed down at $37.32 with a loss of -0.35% for the day. The stock had closed at $37.45 on the previous day. The total traded volume was 2,469,207 shares.


In a related news, The Securities and Exchange Commission has divulged that Bradley Alexander R., officer (Chief Financial Officer) of First Solar, Inc., had unloaded 566 shares at an average price of $43.77 in a transaction dated on August 9, 2016. The total value of the transaction was worth $24,774.

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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