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

SUNation Energy Inc. (NASDAQ:SUNE) was the recipient of a large decline in short interest in the month of December. As of December 31st, there was short interest totaling 33,035 shares, a decline of 38.7% from the December 15th total of 53,875 shares. Based on an average trading volume of 48,941 shares, the short-interest ratio is presently 0.7 days. Currently, 1.0% of the shares of the company are short sold. Currently, 1.0% of the shares of the company are short sold. Based on an average trading volume of 48,941 shares, the short-interest ratio is presently 0.7 days.

SUNation Energy Price Performance

Shares of NASDAQ SUNE traded up $0.05 during midday trading on Friday, reaching $1.11. The stock had a trading volume of 90,172 shares, compared to its average volume of 46,064. The company has a market capitalization of $3.79 million, a price-to-earnings ratio of -0.01 and a beta of 3.36. SUNation Energy has a 12-month low of $1.03 and a 12-month high of $451.70. The stock has a 50-day moving average of $1.19 and a 200-day moving average of $1.41. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.74 and a current ratio of 0.90.

SUNation Energy (NASDAQ:SUNE) last posted its quarterly earnings results on Friday, November 7th. The company reported ($0.12) EPS for the quarter. SUNation Energy had a negative net margin of 33.82% and a negative return on equity of 120.96%. The business had revenue of $18.99 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of SUNation Energy in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus 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.