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Short Sellers Stay Away From Solar Stocks, Add to Alt Energy Positions

Short interest moves among solar and alternative energy stocks were mixed again during the two-week reporting period that ended on September 30. In the solar sector, four of the five companies we watch saw short interest fall, and three of four alt energy stocks saw an increase in short interest during the period.

First Solar Inc. (NASDAQ: FSLR) saw short interest decrease by 3.2% to 5.89 million shares, which represents 8% of the company’s float. Days to cover slipped from four to three. In the two-week short interest period through September 30, shares dropped about 7.5%. The stock’s 52-week range is $39.18 to $65.50, and it closed at $51.20 on Friday, up about 0.2% for the day.

SunEdison Inc. (NYSE: SUNE) showed a slight decrease of 0.5% in short interest, to 93.38 million shares. About 29.9% of the company’s float was short, and days to cover remained unchanged at three. In the latest short interest reporting period, the share price plunged more than 32%. The stock closed at $9.25 Friday night, up about 1% for the day, in a 52-week range of $6.56 to $33.45. The low was set on September 29. The stock has been bludgeoned by investor concerns over...