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

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

Analyst Upgrades and Downgrades

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

SUNation Energy Trading Up 0.4%

NASDAQ SUNE traded up $0.01 on Friday, hitting $1.24. The company’s stock had a trading volume of 38,680 shares, compared to its average volume of 3,541,208. The company’s 50-day moving average is $1.26 and its 200 day moving average is $1.33. The firm has a market cap of $4.21 million, a PE ratio of -0.01 and a beta of 3.28. SUNation Energy has a 1-year low of $0.68 and a 1-year high of $150.00. The company has a quick ratio of 0.74, a current ratio of 0.90 and a debt-to-equity ratio of 0.23.

SUNation Energy Company Profile

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.