The short interest in First Solar stock increased 2% on February 28. On February 14, there were 10.48 million shorted shares in First Solar while the total shorted shares increased to 10.64 million on February 28.
A rise in the stock’s short interest could indicate that more investors expect it to fall from the current price level. Short interest implies the number of a company’s shares that have been sold short and not squared off yet.
First Solar stock is currently trading 33% below its 52-week high of $81.7 in April last year, and it has rallied approximately 50% since its 52-week low of $36.5 in October.
View more information: https://marketrealist.com/2019/03/first-solars-must-know-indicators-and-short-interest/