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

SUNation Energy Inc. (NASDAQ:SUNE) saw a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 98,895 shares, an increase of 360.6% from the January 15th total of 21,469 shares. Currently, 2.9% of the company’s shares are short sold. Based on an average daily volume of 251,602 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 251,602 shares, the short-interest ratio is presently 0.4 days. Currently, 2.9% of the company’s shares are short sold.

Wall Street Analyst Weigh In

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

SUNation Energy Price Performance

SUNE stock opened at $1.49 on Wednesday. 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 firm has a market cap of $5.08 million, a price-to-earnings ratio of -0.01 and a beta of 3.39. The company’s fifty day simple moving average is $1.11 and its 200 day simple moving average is $1.33. SUNation Energy has a 12-month low of $0.68 and a 12-month high of $310.00.

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.