SUNation Energy Inc. (NASDAQ:SUNE) Short Interest Down 35.0% in January

SUNation Energy Inc. (NASDAQ:SUNE) was the target of a large decline in short interest in the month of January. As of January 15th, there was short interest totaling 21,469 shares, a decline of 35.0% from the December 31st total of 33,035 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 54,431 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 54,431 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.6% of the shares of the company are sold short.

SUNation Energy Stock Down 2.1%

Shares of NASDAQ SUNE opened at $0.95 on Monday. The stock has a 50-day moving average price of $1.14 and a two-hundred day moving average price of $1.36. The company has a market cap of $3.24 million, a price-to-earnings ratio of -0.01 and a beta of 3.40. SUNation Energy has a 12 month low of $0.93 and a 12 month high of $382.50. The company has a current ratio of 0.90, a quick ratio of 0.74 and a debt-to-equity ratio of 0.23.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of SUNation Energy in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average 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.