SolarBank Co. (NASDAQ:SUUN) Short Interest Down 67.2% in October

SolarBank Co. (NASDAQ:SUUN) saw a significant drop in short interest during the month of October. As of October 31st, there was short interest totalling 22,800 shares, a drop of 67.2% from the October 15th total of 69,500 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 59,700 shares, the days-to-cover ratio is presently 0.4 days.

SolarBank Stock Down 0.4 %

SUUN traded down $0.01 during trading on Tuesday, hitting $2.63. The company’s stock had a trading volume of 9,117 shares, compared to its average volume of 34,582. SolarBank has a one year low of $2.51 and a one year high of $7.50. The business’s 50 day simple moving average is $3.83 and its 200-day simple moving average is $4.95. The firm has a market cap of $81.31 million and a PE ratio of -18.86.

SolarBank (NASDAQ:SUUN) last released its quarterly earnings results on Monday, September 30th. The company reported ($0.25) earnings per share (EPS) for the quarter. The business 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.