Short Interest in Pineapple Energy Inc. (NASDAQ:PEGY) Grows By 2,671.4%

Posted by Lauren Steadman on Nov 14th, 2024

Pineapple Energy Inc. (NASDAQ:PEGY – Get Free Report) saw a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 155,200 shares, a growth of 2,671.4% from the October 15th total of 5,600 shares. Based on an average daily trading volume, of 917,200 shares, the days-to-cover ratio is presently 0.2 days. Currently, 12.0% of the shares of the stock are short sold.

Institutional Trading of Pineapple Energy

An institutional investor recently bought a new position in Pineapple Energy stock. Anson Funds Management LP bought a new position in shares of Pineapple Energy Inc. (NASDAQ:PEGY – Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,200,000 shares of the company’s stock, valued at approximately $150,000. Anson Funds Management LP owned about 3.43% of Pineapple Energy as of its most recent filing with the Securities and Exchange Commission (SEC). 4.21% of the stock is owned by hedge funds and other institutional investors.

Pineapple Energy Trading Up 2.5 %

PEGY traded up $0.08 on Thursday, hitting $3.23. 45,530 shares of the company were exchanged, compared to its average volume of 314,875. The business’s fifty day moving average is $7.36 and its 200 day moving average is $51.59. Pineapple Energy has a fifty-two week low of $2.85 and a fifty-two week high of $540.00.

Pineapple Energy (NASDAQ:PEGY – Get Free Report) last released its quarterly earnings results on Monday, August 19th. The company reported ($55.50) EPS for the quarter, beating the consensus estimate of ($135.00) by $79.50. The business had revenue of $13.55 million for the quarter, compared to analyst estimates of $20.90 million. Pineapple Energy had a negative net margin of 15.13% and a negative return on equity of 193.08%.

Pineapple Energy Company Profile

(Get Free Report)

Pineapple Energy Inc engages in the sale, design, and installation of photovoltaic solar energy systems and battery storage systems in the United States. Its brand portfolio includes SUNation, Hawaii Energy Connection, E-Gear, Sungevity, and Horizon Solar Power. The company develops and manufactures energy management software and hardware, such as energy management control devices on solar systems that are paired with batteries.