PowerBank Corporation (NASDAQ:PBK – Get Free Report) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 699,334 shares, a decrease of 50.0% from the August 31st total of 1,398,398 shares. Approximately 1.1% of the company’s shares are sold short. Based on an average trading volume of 1,630,602 shares, the short-interest ratio is presently 0.4 days.
Wall Street Analysts Forecast Growth
A number of analysts recently commented on the company. HC Wainwright reaffirmed a “buy” rating on shares of PowerBank in a research note on Wednesday, June 3rd. Zacks Research raised shares of PowerBank to a “hold” rating in a research note on Thursday, June 4th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, PowerBank currently has a consensus rating of “Hold”.
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PowerBank Stock Down 4.0%
PowerBank (NASDAQ:PBK – Get Free Report) last announced its quarterly earnings data on Monday, September 28th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.17). PowerBank had a negative return on equity of 97.78% and a negative net margin of 21.31%.The business had revenue of $3.65 million during the quarter. Equities research analysts predict that PowerBank will post 0.08 earnings per share for the current year.
PowerBank Company Profile
PowerBank Corporation (NASDAQ: PBK) is a renewable energy company that develops, constructs, owns and operates solar power and energy-storage projects. Its activities include distributed-generation and community-solar projects designed to supply electricity to residential, commercial and utility customers.
The company’s project portfolio has included solar installations and related energy-storage assets in the United States and Canada. PowerBank is involved throughout the project lifecycle, including site development, permitting, engineering, procurement, construction management, financing and ongoing asset operations.
The company was previously known as SolarBank Corporation and is headquartered in Toronto, Canada.
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