SUNation Energy Inc. (NASDAQ:SUNE) Sees Significant Drop in Short Interest

SUNation Energy Inc. (NASDAQ:SUNE) was the recipient of a significant drop in short interest in March. As of March 13th, there was short interest totaling 282,136 shares, a drop of 18.9% from the February 26th total of 347,887 shares. Based on an average daily trading volume, of 285,606 shares, the short-interest ratio is currently 1.0 days. Currently, 8.3% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of SUNation Energy in a report on Thursday, January 22nd. Wall Street Zen raised SUNation Energy to a “buy” rating in a report on Saturday. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

SUNation Energy Trading Down 18.0%

Shares of SUNation Energy stock traded down $0.43 on Monday, hitting $1.94. The stock had a trading volume of 355,825 shares, compared to its average volume of 4,082,207. The stock has a 50 day moving average of $1.49 and a 200 day moving average of $1.38. The firm has a market capitalization of $6.63 million, a P/E ratio of -0.02 and a beta of 3.27. SUNation Energy has a twelve month low of $0.68 and a twelve month high of $108.60. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.90 and a current ratio of 1.07.

SUNation Energy (NASDAQ:SUNE) last posted its earnings results on Wednesday, March 18th. The company reported $1.81 earnings per share for the quarter. SUNation Energy had a negative net margin of 15.15% and a negative return on equity of 52.50%. The firm had revenue of $27.21 million for the quarter.

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.