iSun, Inc. (NASDAQ:ISUN) Sees Significant Increase in Short Interest

iSun, Inc. (NASDAQ:ISUNGet Free Report) was the target of a large growth in short interest in the month of April. As of April 30th, there was short interest totalling 1,810,000 shares, a growth of 176.3% from the April 15th total of 655,200 shares. Based on an average daily volume of 3,160,000 shares, the days-to-cover ratio is currently 0.6 days.

iSun Stock Performance

ISUN traded down $0.03 during trading on Friday, hitting $0.15. The stock had a trading volume of 4,360,035 shares, compared to its average volume of 9,745,258. The company has a 50 day moving average price of $3.16 and a 200-day moving average price of $3.86. The firm has a market cap of $7.10 million, a price-to-earnings ratio of -0.19 and a beta of 1.23. iSun has a one year low of $0.06 and a one year high of $0.75. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.89 and a quick ratio of 0.85.

iSun (NASDAQ:ISUNGet Free Report) last released its quarterly earnings results on Tuesday, April 16th. The company reported ($7.60) earnings per share (EPS) for the quarter. The firm had revenue of $25.41 million during the quarter. iSun had a negative net margin of 20.29% and a negative return on equity of 90.71%. As a group, research analysts predict that iSun will post -0.09 EPS for the current year.

Institutional Trading of iSun

A hedge fund recently raised its stake in iSun stock. Commonwealth Equity Services LLC lifted its holdings in shares of iSun, Inc. (NASDAQ:ISUNFree Report) by 442.9% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 551,600 shares of the company’s stock after buying an additional 450,000 shares during the period. Commonwealth Equity Services LLC owned about 1.67% of iSun worth $124,000 as of its most recent filing with the SEC. 11.80% of the stock is currently owned by hedge funds and other institutional investors.

iSun Company Profile

(Get Free Report)

iSun, Inc, a solar energy services and infrastructure deployment company, provides design, development, engineering, procurement, installation, storage, and electric vehicle infrastructure services for residential, commercial, industrial, and utility customers in the United States. It provides operation, maintenance, and solar; electrical contracting; and data and communication services.

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