Real Goods Solar, Inc. (RGSE) Sees Large Growth in Short Interest

Real Goods Solar, Inc. (NASDAQ:RGSE) was the target of a large increase in short interest in the month of October. As of October 13th, there was short interest totalling 2,157,952 shares, an increase of 207.4% from the September 29th total of 702,052 shares. Based on an average trading volume of 8,774,952 shares, the short-interest ratio is currently 0.2 days. Approximately 28.9% of the company’s shares are short sold.

An institutional investor recently raised its position in Real Goods Solar stock. Vanguard Group Inc. grew its position in shares of Real Goods Solar, Inc. (NASDAQ:RGSE) by 34.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 123,315 shares of the energy company’s stock after buying an additional 31,344 shares during the quarter. Vanguard Group Inc. owned approximately 1.65% of Real Goods Solar worth $120,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 3.27% of the company’s stock.

Real Goods Solar (RGSE) opened at 2.13 on Friday. Real Goods Solar has a one year low of $0.18 and a one year high of $6.69. The stock’s market capitalization is $15.93 million. The stock’s 50 day moving average is $1.45 and its 200 day moving average is $1.09.

Real Goods Solar (NASDAQ:RGSE) last announced its quarterly earnings data on Wednesday, August 9th. The energy company reported ($0.53) EPS for the quarter. Real Goods Solar had a negative return on equity of 233.16% and a negative net margin of 184.38%. The business had revenue of $3.00 million for the quarter. On average, equities analysts forecast that Real Goods Solar will post ($0.78) EPS for the current year.

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Real Goods Solar Company Profile

Real Goods Solar, Inc is a residential and commercial solar energy engineering, procurement, and construction company. The Company offers turnkey services, including design, procurement, permitting, build-out, grid connection, financing referrals and warranty and customer satisfaction activities. Its solar energy systems use solar photovoltaic (PV) modules.

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