SUNation Energy Inc. (NASDAQ:SUNE) Stock Short Interest Report for September

SUNation Energy Inc. (NASDAQ:SUNE – Get Free Report) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 282,815 shares, a decline of 40.8% from the September 15th total of 477,461 shares. Based on an average daily trading volume, of 167,798 shares, the days-to-cover ratio is currently 1.7 days. Currently, 4.3% of the shares of the company are short sold.

SUNation Energy Price Performance

SUNE traded down $0.11 on Friday, hitting $2.05. 139,342 shares of the company were exchanged, compared to its average volume of 4,541,460. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.57 and a current ratio of 0.77. The firm has a market capitalization of $13.35 million, a P/E ratio of -68.31 and a beta of 2.62. SUNation Energy has a fifty-two week low of $0.68 and a fifty-two week high of $9.45. The business’s fifty day moving average is $2.49 and its 200 day moving average is $2.18.

SUNation Energy (NASDAQ:SUNE – Get Free Report) last announced its quarterly earnings results on Wednesday, August 12th. The company reported ($0.52) earnings per share for the quarter. The firm had revenue of $8.16 million during the quarter. SUNation Energy had a negative net margin of 8.48% and a negative return on equity of 24.03%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in SUNation Energy stock. AWM Investment Company Inc. purchased a new stake in SUNation Energy Inc. (NASDAQ:SUNE – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 820,000 shares of the company’s stock, valued at approximately $1,595,000. AWM Investment Company Inc. owned 19.90% of SUNation Energy at the end of the most recent reporting period. Institutional investors and hedge funds own 4.21% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of SUNation Energy from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, September 24th. One research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, SUNation Energy has an average rating of “Sell”.

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About SUNation Energy

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SUNation Energy Company, Inc is a solar energy and energy storage company that provides renewable-energy solutions primarily for residential customers. Its offerings include the design, sale, installation and maintenance of rooftop solar photovoltaic systems, battery storage systems and related electrical equipment.

The company also provides complementary clean-energy products and services, including electric-vehicle charging solutions and other energy-efficiency or home-electrification services.

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