iSun, Inc. (NASDAQ:ISUN) Short Interest Update

iSun, Inc. (NASDAQ:ISUN) was the target of a significant increase in short interest in October. As of October 31st, there was short interest totalling 562,900 shares, an increase of 37.1% from the October 15th total of 410,500 shares. Based on an average daily trading volume, of 594,500 shares, the days-to-cover ratio is presently 0.9 days.

iSun Trading Down 0.5 %

NASDAQ ISUN opened at $0.15 on Monday. The company’s fifty day simple moving average is $0.22 and its 200-day simple moving average is $0.38. iSun has a 52 week low of $0.15 and a 52 week high of $2.47. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 0.27. The stock has a market cap of $5.10 million, a P/E ratio of -0.18 and a beta of 0.83.

iSun (NASDAQ:ISUN) last posted its earnings results on Thursday, August 10th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.09. iSun had a negative net margin of 15.53% and a negative return on equity of 36.69%. The business had revenue of $25.01 million for the quarter, compared to analysts’ expectations of $20.00 million. Equities research analysts predict that iSun will post -0.22 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Roth Mkm lowered their price target on shares of iSun from $2.00 to $1.00 and set a “buy” rating for the company in a report on Thursday, August 17th. Alliance Global Partners decreased their target price on shares of iSun from $2.50 to $2.00 in a research report on Friday, August 11th. Finally, HC Wainwright reissued a “buy” rating and issued a $2.75 target price on shares of iSun in a research report on Friday, August 11th.

Institutional Trading of iSun

A number of hedge funds and other institutional investors have recently made changes to their positions in ISUN. Cambridge Investment Research Advisors Inc. bought a new stake in shares of iSun in the first quarter worth $43,000. Vanguard Group Inc. increased its stake in shares of iSun by 2.9% in the first quarter. Vanguard Group Inc. now owns 361,668 shares of the company’s stock worth $1,482,000 after buying an additional 10,213 shares during the last quarter. Renaissance Technologies LLC bought a new stake in iSun during the first quarter valued at $104,000. Northern Trust Corp bought a new stake in iSun during the second quarter valued at $48,000. Finally, State Street Corp increased its stake in iSun by 29.3% during the third quarter. State Street Corp now owns 29,158 shares of the company’s stock valued at $64,000 after purchasing an additional 6,600 shares during the last quarter. Institutional investors own 19.87% of the company’s stock.

iSun Company Profile

iSun, Inc, a solar energy company, provides design, development, engineering, procurement, installation, storage, and electric vehicle infrastructure services for residential, commercial, industrial, and utility customers in the United States. It also provides electrical contracting services; and data and communication services.