Company shares are trading at $2.20 significantly above the 50 day moving average which is $1.53 and much higher than the 200 day moving average of $1.10. The 50 day moving average was up $0.67 and the 200 day average was up $1.10. Trading was light with 621K shares changing hands by the end of trading on Tuesday. Overall, volume was down 89.80% under the stocks normal daily volume.
Traders are a little more bearish on shares of Real Goods Solar, Inc. of late as inferred by the change in short interest. The company experienced a rise in short interest of 207.38% as of the latest report on October 13, 2017. Short shares grew 1,455,900 over that period. Days to cover decreased from 17.0 to 0.0 and the percentage of shorted shares is 0.29% as of October 13.
Real Goods Solar, Inc., launched on January 29, 2008, is a residential and commercial solar energy engineering, procurement and construction company. The Company operates through three segments: Residential, which is involved in the installation of solar energy systems for homeowners, including lease financing thereof, and for small businesses (small commercial) in the continental United States; Sunetric, which is involved in the installation of solar energy systems for both homeowners and business owners (commercial) in Hawaii, and Other, which includes retail and corporate operations. The Company designs and offers solar energy solution, then procure, permit, install and interconnect the system to the utility grid. It provides a workmanship warranty on each operational system..Advertisement