Short Interest in Via Renewables, Inc. (NASDAQ:VIA) Declines By 26.3%

Via Renewables, Inc. (NASDAQ:VIAGet Free Report) was the recipient of a large decrease in short interest in April. As of April 30th, there was short interest totalling 34,100 shares, a decrease of 26.3% from the April 15th total of 46,300 shares. Approximately 1.4% of the shares of the company are short sold. Based on an average trading volume of 18,300 shares, the short-interest ratio is currently 1.9 days.

Hedge Funds Weigh In On Via Renewables

A hedge fund recently bought a new stake in Via Renewables stock. Bailard Inc. purchased a new position in shares of Via Renewables, Inc. (NASDAQ:VIAFree Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 12,565 shares of the company’s stock, valued at approximately $118,000. Bailard Inc. owned about 0.17% of Via Renewables at the end of the most recent reporting period. 74.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, initiated coverage on Via Renewables in a report on Saturday. They issued a “hold” rating for the company.

Check Out Our Latest Analysis on Via Renewables

Via Renewables Trading Up 0.1 %

Via Renewables stock opened at $10.93 on Tuesday. The business has a 50 day moving average price of $10.88 and a two-hundred day moving average price of $10.04. The company has a quick ratio of 2.32, a current ratio of 2.34 and a debt-to-equity ratio of 1.64. The stock has a market cap of $79.02 million, a price-to-earnings ratio of 2.72 and a beta of 1.28. Via Renewables has a 12 month low of $5.22 and a 12 month high of $13.31.

Via Renewables (NASDAQ:VIAGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The company reported $1.81 EPS for the quarter. The firm had revenue of $114.06 million during the quarter. Via Renewables had a return on equity of 57.36% and a net margin of 5.68%.

About Via Renewables

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Via Renewables, Inc, through its subsidiaries, operates as an independent retail energy services company in the United States. It operates through two segments, Retail Electricity and Retail Natural Gas. The Retail Electricity segment engages in the transmission and sale of electricity to residential and commercial customers.

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