Short Interest in SUNation Energy Inc. (NASDAQ:SUNE) Decreases By 50.5%

SUNation Energy Inc. (NASDAQ:SUNE) was the recipient of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 347,887 shares, a drop of 50.5% from the February 12th total of 702,432 shares. Based on an average trading volume of 1,933,149 shares, the days-to-cover ratio is presently 0.2 days. Currently, 10.2% of the company’s stock are sold short. Currently, 10.2% of the company’s stock are sold short. Based on an average trading volume of 1,933,149 shares, the days-to-cover ratio is presently 0.2 days.

SUNation Energy Stock Performance

Shares of NASDAQ SUNE opened at $1.34 on Thursday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.90 and a quick ratio of 0.74. SUNation Energy has a one year low of $0.68 and a one year high of $150.00. The business’s 50-day moving average price is $1.26 and its two-hundred day moving average price is $1.33. The company has a market capitalization of $4.57 million, a P/E ratio of -0.01 and a beta of 3.28.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of SUNation Energy in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

About SUNation Energy

SUNation Energy Group, Inc is a Florida-based solar energy company specializing in the design, engineering, procurement, construction and maintenance of photovoltaic solar systems. Headquartered in Boca Raton, the company focuses on delivering turnkey solar solutions for residential and commercial customers. Its integrated service model spans site assessment, system design, installation, interconnection and ongoing performance monitoring.

The company’s product offering includes rooftop and ground-mounted solar arrays, energy storage systems and electric vehicle charging stations.