Short Interest Update on SunPower Corporation (SPWR)

SunPower Corporation (SPWR) : Traders are getting increasingly bearish on SunPower Corporation (SPWR), as can be seen in the addition of short positions from 15,629,909 on Jul 29, 2016, to 16,707,466 on August 15, 2016. The net change in shorts is 1,077,557 shares, an increase of 6.9%. 3 days remain before the expiry. The 28.6% of outstanding short positions on the stock compared to its float, shows that traders expect the stock to fall from the current levels. The daily volume of the stock is 5,097,794. The short interest information was released on Wednesday Aug 24th after the market close.

SunPower Corporation (NASDAQ:SPWR): The stock opened at $10.00 on Wednesday but the bulls could not build on the opening and the stock topped out at $10.14 for the day. The stock traded down to $9.87 during the day, due to lack of any buying support eventually closed down at $9.92 with a loss of -1.10% for the day. The stock had closed at $10.03 on the previous day. The total traded volume was 2,529,159 shares.


In a related news, Branderiz Eric, officer (SVP and Prin Acct Off) of Sunpower Corp, unloaded 6,365 shares at an average price of $25 on March 18, 2016. The total amount of the transaction was worth $159,125, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

SunPower Corporation (SunPower) is a global energy company. The Company provides design, manufacturing, installation, ongoing maintenance and monitoring and adjacent services. The Company provides solar technology to residential, commercial and utility customers worldwide. The Company operates through three segments: the Americas Segment, the EMEA Segment and the APAC Segment. The Company offers solar power components, solar power systems and residential leases. The Company sells panels and balance of system components, primarily to dealers, system integrators and distributors. The Company designs, manufactures, and sells rooftop and ground-mounted solar power systems under construction and development agreements. The Company offers post-installation systems monitoring and maintenance in connection with its construction contracts and commercial power purchase.

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