Short Interest in iSun, Inc. (NASDAQ:ISUN) Rises By 28.6%

iSun, Inc. (NASDAQ:ISUNGet Free Report) was the recipient of a significant growth in short interest during the month of February. As of February 29th, there was short interest totalling 827,900 shares, a growth of 28.6% from the February 14th total of 643,800 shares. Based on an average daily trading volume, of 860,800 shares, the days-to-cover ratio is presently 1.0 days.

iSun Stock Performance

NASDAQ:ISUN opened at $0.18 on Friday. The firm has a market capitalization of $8.52 million, a PE ratio of -0.31 and a beta of 1.06. The business’s fifty day moving average price is $0.21 and its 200 day moving average price is $0.22. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.82 and a quick ratio of 0.78. iSun has a 12 month low of $0.13 and a 12 month high of $1.09.

Hedge Funds Weigh In On iSun

Several large investors have recently bought and sold shares of ISUN. Renaissance Technologies LLC acquired a new position in iSun in the third quarter valued at $27,000. Cambridge Investment Research Advisors Inc. acquired a new position in iSun in the first quarter valued at $43,000. Northern Trust Corp acquired a new position in iSun in the second quarter valued at $48,000. Jane Street Group LLC acquired a new position in iSun in the third quarter valued at $55,000. Finally, State Street Corp boosted its stake in iSun by 29.3% in the third quarter. State Street Corp now owns 29,158 shares of the company’s stock valued at $64,000 after acquiring an additional 6,600 shares in the last quarter. Institutional investors and hedge funds own 19.87% of the company’s stock.

iSun Company Profile

(Get Free Report)

iSun, Inc, a solar energy company, provides design, development, engineering, procurement, installation, storage, and electric vehicle infrastructure services for residential, commercial, industrial, and utility customers in the United States. It also provides electrical contracting services; and data and communication services.

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