PowerBank Corporation (NASDAQ:PBK) Sees Significant Decrease in Short Interest

PowerBank Corporation (NASDAQ:PBK) saw a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 699,334 shares, a drop of 50.0% from the August 31st total of 1,398,398 shares. Based on an average daily volume of 1,630,602 shares, the short-interest ratio is presently 0.4 days. Currently, 1.1% of the company’s shares are sold short.

PowerBank Trading Up 2.6%

NASDAQ PBK traded up $0.01 during trading hours on Tuesday, hitting $0.27. 160,683 shares of the company’s stock were exchanged, compared to its average volume of 1,964,602. The business’s 50 day moving average is $0.41 and its 200-day moving average is $0.61. The company has a debt-to-equity ratio of 2.24, a quick ratio of 0.79 and a current ratio of 1.41. PowerBank has a 12-month low of $0.26 and a 12-month high of $2.35. The firm has a market capitalization of $16.81 million, a P/E ratio of -1.43 and a beta of 2.38.

PowerBank (NASDAQ:PBK) last announced its quarterly earnings results 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 net margin of 21.31% and a negative return on equity of 32.68%. The company had revenue of $3.65 million during the quarter. As a group, analysts anticipate that PowerBank will post -0.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on PBK shares. Zacks Research raised shares of PowerBank to a “hold” rating in a research report on Thursday, June 4th. HC Wainwright reaffirmed a “buy” rating on shares of PowerBank in a research note on Wednesday, June 3rd. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, PowerBank currently has a consensus rating of “Hold”.

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.