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

SUNation Energy Inc. (NASDAQ:SUNE) was the target of a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 180,612 shares, an increase of 30.6% from the March 31st total of 138,298 shares. Currently, 5.3% of the company’s shares are short sold. Based on an average daily volume of 261,400 shares, the short-interest ratio is presently 0.7 days.

SUNation Energy Stock Performance

SUNE stock opened at $1.26 on Friday. The stock has a 50-day moving average price of $1.62 and a 200-day moving average price of $1.40. SUNation Energy has a 1-year low of $0.68 and a 1-year high of $3.46. The company has a current ratio of 1.07, a quick ratio of 0.90 and a debt-to-equity ratio of 0.18. The firm has a market cap of $4.29 million, a PE ratio of -0.01 and a beta of 2.79.

SUNation Energy (NASDAQ:SUNE) last issued its earnings results on Wednesday, March 18th. The company reported $1.81 EPS for the quarter. The company had revenue of $27.21 million during the quarter. SUNation Energy had a negative return on equity of 52.50% and a negative net margin of 15.15%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SUNE. Wall Street Zen raised SUNation Energy to a “buy” rating in a research report on Saturday, March 28th. Weiss Ratings reissued a “sell (e+)” rating on shares of SUNation Energy in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, SUNation Energy has a consensus rating of “Sell”.

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.