SUNation Energy Inc. (NASDAQ:SUNE) Short Interest Down 18.9% in March

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

SUNation Energy Trading Up 6.3%

Shares of SUNE stock opened at $2.20 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. SUNation Energy has a twelve month low of $0.68 and a twelve month high of $108.60. The company’s 50-day moving average price is $1.53 and its 200-day moving average price is $1.39. The stock has a market cap of $7.50 million, a price-to-earnings ratio of -0.02 and a beta of 3.27.

SUNation Energy (NASDAQ:SUNE) last released its quarterly earnings data on Wednesday, March 18th. The company reported $1.81 earnings per share (EPS) 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 during the quarter.

Analyst Upgrades and Downgrades

A number of research firms have commented on SUNE. Weiss Ratings reiterated a “sell (e+)” rating on shares of SUNation Energy in a report on Thursday, January 22nd. Wall Street Zen upgraded SUNation Energy to a “buy” rating in a research report on Saturday. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock 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.