SolarBank Co. (NASDAQ:SUUN) Short Interest Down 28.5% in November

SolarBank Co. (NASDAQ:SUUN) saw a significant drop in short interest in the month of November. As of November 30th, there was short interest totalling 30,300 shares, a drop of 28.5% from the November 15th total of 42,400 shares. Based on an average daily volume of 59,500 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Trading of SolarBank

An institutional investor recently raised its position in SolarBank stock. Virtu Financial LLC raised its position in shares of SolarBank Co. (NASDAQ:SUUN) by 91.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,075 shares of the company’s stock after acquiring an additional 11,051 shares during the period. Virtu Financial LLC owned approximately 0.07% of SolarBank worth $103,000 as of its most recent SEC filing.

Analyst Ratings Changes

Separately, HC Wainwright started coverage on SolarBank in a research note on Wednesday. They issued a “buy” rating and a $6.00 price target for the company.

SolarBank Stock Up 2.8 %

Shares of NASDAQ:SUUN traded up $0.06 during mid-day trading on Friday, hitting $2.20. The stock had a trading volume of 11,890 shares, compared to its average volume of 24,865. SolarBank has a 12-month low of $2.06 and a 12-month high of $7.50. The company’s 50 day moving average is $3.08 and its 200-day moving average is $4.36.

SolarBank (NASDAQ:SUUN) last posted its quarterly earnings results on Monday, September 30th. The company reported ($0.25) EPS for the quarter. The company had revenue of $5.83 million for the quarter. As a group, research analysts expect that SolarBank will post -0.04 earnings per share for the current year.

About SolarBank

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.