SolarBank Co. (NASDAQ:SUUN) Short Interest Down 29.9% in January

SolarBank Co. (NASDAQ:SUUN) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totalling 29,300 shares, a drop of 29.9% from the December 31st total of 41,800 shares. Based on an average daily volume of 30,400 shares, the short-interest ratio is presently 1.0 days. Currently, 0.1% of the company’s stock are short sold.

SolarBank Trading Up 1.1 %

SUUN stock traded up $0.03 during trading hours on Friday, reaching $2.72. The stock had a trading volume of 52,583 shares, compared to its average volume of 31,244. The stock has a 50-day simple moving average of $2.31 and a 200 day simple moving average of $3.46. SolarBank has a fifty-two week low of $1.95 and a fifty-two week high of $7.50. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.68 and a current ratio of 0.91.

Institutional Investors Weigh In On SolarBank

A hedge fund recently raised its stake in SolarBank stock. Virtu Financial LLC lifted its holdings in shares of SolarBank Co. (NASDAQ:SUUN) by 91.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,075 shares of the company’s stock after acquiring an additional 11,051 shares during the quarter. 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 initiated coverage on SolarBank in a research report on Wednesday, December 11th. They set a “buy” rating and a $6.00 price target on the stock.

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.