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

SUNation Energy Inc. (NASDAQ:SUNE) saw a significant decrease in short interest during the month of December. As of December 15th, there was short interest totaling 53,875 shares, a decrease of 34.8% from the November 30th total of 82,599 shares. Approximately 1.6% of the shares of the stock are sold short. Based on an average daily volume of 76,584 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 76,584 shares, the short-interest ratio is currently 0.7 days. Approximately 1.6% of the shares of the stock are sold short.

SUNation Energy Trading Down 1.8%

Shares of NASDAQ SUNE opened at $1.10 on Friday. The stock has a market cap of $3.75 million, a price-to-earnings ratio of -0.01 and a beta of 3.36. SUNation Energy has a twelve month low of $1.07 and a twelve month high of $599.98. The company has a quick ratio of 0.74, a current ratio of 0.90 and a debt-to-equity ratio of 0.23. The company’s fifty day moving average is $1.31 and its 200-day moving average is $1.47.

SUNation Energy (NASDAQ:SUNE) last posted its earnings results on Friday, November 7th. The company reported ($0.12) earnings per share for the quarter. SUNation Energy had a negative return on equity of 120.96% and a negative net margin of 33.82%.The business had revenue of $18.99 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SUNation Energy in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, SUNation Energy currently has a consensus rating of “Sell”.

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.