SolarBank Co. (NASDAQ:SUUN) Short Interest Update

SolarBank Co. (NASDAQ:SUUN) saw a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 42,400 shares, an increase of 86.0% from the October 31st total of 22,800 shares. Based on an average trading volume of 58,100 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.2% of the company’s stock are sold short.

SolarBank Stock Down 4.4 %

NASDAQ:SUUN traded down $0.12 during mid-day trading on Friday, reaching $2.61. The company’s stock had a trading volume of 6,500 shares, compared to its average volume of 34,247. SolarBank has a 1 year low of $2.51 and a 1 year high of $7.50. The stock has a fifty day moving average of $3.49 and a 200-day moving average of $4.63. The firm has a market capitalization of $80.70 million and a PE ratio of -15.35.

SolarBank (NASDAQ:SUUN) last released its quarterly earnings data on Monday, September 30th. The company reported ($0.25) earnings per share for the quarter. The company had revenue of $5.83 million for the quarter.

Institutional Trading of SolarBank

A hedge fund recently raised its stake in SolarBank stock. Virtu Financial LLC lifted its stake in SolarBank Co. (NASDAQ:SUUN) by 91.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 23,075 shares of the company’s stock after purchasing an additional 11,051 shares during the quarter. Virtu Financial LLC owned about 0.07% of SolarBank worth $103,000 as of its most recent SEC filing.

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.