SUNation Energy Inc. (NASDAQ:SUNE) Short Interest Update

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

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of SUNation Energy in a research note on Thursday, January 22nd. Wall Street Zen upgraded SUNation Energy to a “buy” rating in a report on Saturday. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, SUNation Energy currently has a consensus rating of “Sell”.

SUNation Energy Trading Up 3.6%

NASDAQ SUNE traded up $0.08 during mid-day trading on Tuesday, hitting $2.15. The company’s stock had a trading volume of 209,887 shares, compared to its average volume of 4,021,991. The firm has a market capitalization of $7.31 million, a P/E ratio of -0.02 and a beta of 3.27. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.07 and a quick ratio of 0.90. SUNation Energy has a 52-week low of $0.68 and a 52-week high of $108.60. The stock’s fifty day simple moving average is $1.51 and its two-hundred day simple moving average is $1.38.

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. The company had revenue of $27.21 million during the quarter. SUNation Energy had a negative net margin of 15.15% and a negative return on equity of 52.50%.

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.