SUNation Energy Inc. (NASDAQ:SUNE) Short Interest Down 38.7% in December

SUNation Energy Inc. (NASDAQ:SUNE) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 33,035 shares, a decline of 38.7% from the December 15th total of 53,875 shares. Approximately 1.0% of the company’s shares are sold short. Based on an average daily trading volume, of 48,941 shares, the short-interest ratio is presently 0.7 days. Based on an average daily trading volume, of 48,941 shares, the short-interest ratio is presently 0.7 days. Approximately 1.0% of the company’s shares are sold short.

SUNation Energy Stock Up 4.7%

SUNE traded up $0.05 during midday trading on Friday, hitting $1.11. 90,172 shares of the company’s stock traded hands, compared to its average volume of 57,752. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.90 and a quick ratio of 0.74. The company has a market cap of $3.79 million, a PE ratio of -0.01 and a beta of 3.36. The stock’s fifty day simple moving average is $1.20 and its 200-day simple moving average is $1.41. SUNation Energy has a one year low of $1.03 and a one year high of $451.70.

SUNation Energy (NASDAQ:SUNE) last announced its quarterly earnings results on Friday, November 7th. The company reported ($0.12) EPS 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 report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company 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.