SolarBank Co. (NASDAQ:SUUN – Get Free Report) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 42,400 shares, an increase of 86.0% from the October 31st total of 22,800 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 58,100 shares, the days-to-cover ratio is presently 0.7 days.
Hedge Funds Weigh In On SolarBank
An institutional investor recently raised its position in SolarBank stock. Virtu Financial LLC raised its position in shares of SolarBank Co. (NASDAQ:SUUN – Free Report) by 91.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,075 shares of the company’s stock after purchasing an additional 11,051 shares during the period. Virtu Financial LLC owned about 0.07% of SolarBank worth $103,000 as of its most recent filing with the Securities & Exchange Commission.
SolarBank Price Performance
Shares of SolarBank stock traded down $0.12 during trading on Friday, hitting $2.61. The stock had a trading volume of 6,500 shares, compared to its average volume of 34,247. SolarBank has a 12 month low of $2.51 and a 12 month high of $7.50. The firm’s fifty day simple moving average is $3.49 and its 200-day simple moving average is $4.63. The stock has a market cap of $80.70 million and a PE ratio of -15.35.
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.
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