Short Interest in SolarBank Co. (NASDAQ:SUUN) Grows By 86.0%

by · The Cerbat Gem

SolarBank Co. (NASDAQ:SUUN – Get Free Report) saw a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 42,400 shares, a growth of 86.0% from the October 31st total of 22,800 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 58,100 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Investors Weigh In On SolarBank

A hedge fund recently raised its stake in SolarBank stock. Virtu Financial LLC increased its stake in shares of SolarBank Co. (NASDAQ:SUUN – Free Report) by 91.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,075 shares of the company’s stock after buying an additional 11,051 shares during the quarter. Virtu Financial LLC owned about 0.07% of SolarBank worth $103,000 at the end of the most recent quarter.

SolarBank Trading Down 2.2 %

Shares of SUUN traded down $0.06 during mid-day trading on Thursday, hitting $2.73. The company’s stock had a trading volume of 25,512 shares, compared to its average volume of 34,372. The firm has a market capitalization of $84.41 million and a P/E ratio of -16.06. SolarBank has a 1-year low of $2.51 and a 1-year high of $7.50. The firm has a 50-day simple moving average of $3.52 and a 200 day simple moving average of $4.67.

SolarBank (NASDAQ:SUUN – Get Free Report) last released its quarterly earnings results on Monday, September 30th. The company reported ($0.25) earnings per share (EPS) for the quarter. The firm had revenue of $5.83 million during the quarter.

About SolarBank

(Get Free Report)

SolarBank Corporation operates as an independent renewable and clean energy project developer and asset operator in Canada and the United States. The company engages in the site origination, development, financing, engineering, procurement, construction, operation, maintenance, and asset management of solar photovoltaic power generation projects.

Featured Articles