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

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

SolarBank Price Performance

Shares of NASDAQ SUUN traded up $0.22 during mid-day trading on Tuesday, hitting $2.86. The company had a trading volume of 29,555 shares, compared to its average volume of 34,678. SolarBank has a 12 month low of $2.51 and a 12 month high of $7.50. The firm has a market cap of $88.42 million and a P/E ratio of -20.43. The business's 50-day simple moving average is $3.80 and its 200-day simple moving average is $4.93.

SolarBank (NASDAQ:SUUN - Get Free Report) last released its quarterly earnings data on Monday, September 30th. The company reported ($0.25) EPS for the quarter. The firm 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.