SolarBank Co. (NASDAQ:SUUN) Short Interest Update

SolarBank Co. (NASDAQ:SUUN) saw a large decline in short interest in October. As of October 15th, there was short interest totalling 69,500 shares, a decline of 33.0% from the September 30th total of 103,800 shares. Based on an average daily trading volume, of 55,700 shares, the days-to-cover ratio is presently 1.2 days. Approximately 0.4% of the shares of the stock are sold short.

SolarBank Stock Performance

Shares of SolarBank stock traded up $0.01 on Tuesday, reaching $3.52. 33,809 shares of the stock were exchanged, compared to its average volume of 34,677. The firm’s 50 day simple moving average is $4.03. The stock has a market cap of $108.77 million and a price-to-earnings ratio of -25.14. SolarBank has a one year low of $3.29 and a one year high of $7.50.

SolarBank (NASDAQ:SUUN) last issued 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.

SolarBank Company Profile

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.