SolarBank Co. (NASDAQ:SUUN) Sees Significant Drop in Short Interest

SolarBank Co. (NASDAQ:SUUN) saw a significant drop in short interest in the month of October. As of October 15th, there was short interest totalling 69,500 shares, a drop of 33.0% from the September 30th total of 103,800 shares. Currently, 0.4% of the shares of the company are short sold. Based on an average daily volume of 55,700 shares, the short-interest ratio is presently 1.2 days.

SolarBank Trading Up 0.3 %

SUUN traded up $0.01 during trading on Tuesday, hitting $3.52. The stock had a trading volume of 33,809 shares, compared to its average volume of 34,677. The stock has a 50 day simple moving average of $4.03. SolarBank has a one year low of $3.29 and a one year high of $7.50. The company has a market capitalization of $108.77 million and a price-to-earnings ratio of -25.14.

SolarBank (NASDAQ:SUUN) last released 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.

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.