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

SUNation Energy Inc. (NASDAQ:SUNE) saw a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 702,432 shares, an increase of 610.3% from the January 29th total of 98,895 shares. Approximately 20.6% of the company’s shares are sold short. Based on an average daily trading volume, of 14,878,254 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 14,878,254 shares, the days-to-cover ratio is currently 0.0 days. Approximately 20.6% of the company’s shares are sold short.

SUNation Energy Trading Down 6.7%

SUNE stock traded down $0.10 during midday trading on Wednesday, reaching $1.39. The company’s stock had a trading volume of 286,670 shares, compared to its average volume of 8,356,617. SUNation Energy has a 1 year low of $0.68 and a 1 year high of $250.00. The firm has a market capitalization of $4.74 million, a price-to-earnings ratio of -0.01 and a beta of 3.39. The stock has a fifty day simple moving average of $1.21 and a two-hundred day simple moving average of $1.34. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.74 and a current ratio of 0.90.

Analysts Set New Price Targets

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