Short Interest in SUNation Energy Inc. (NASDAQ:SUNE) Increases By 360.6%

SUNation Energy Inc. (NASDAQ:SUNE) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 98,895 shares, a growth of 360.6% from the January 15th total of 21,469 shares. Approximately 2.9% of the company’s stock are short sold. Based on an average trading volume of 251,602 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 251,602 shares, the days-to-cover ratio is presently 0.4 days. Approximately 2.9% of the company’s stock are short sold.

SUNation Energy Price Performance

Shares of SUNE opened at $1.85 on Friday. The company’s 50-day moving average is $1.14 and its 200-day moving average is $1.34. 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 firm has a market capitalization of $6.31 million, a PE ratio of -0.02 and a beta of 3.39. SUNation Energy has a fifty-two week low of $0.68 and a fifty-two week high of $310.00.

Analyst Upgrades and Downgrades

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