Sunworks Inc (NASDAQ:SUNW) was the target of a significant increase in short interest in February. As of February 14th, there was short interest totalling 459,900 shares, an increase of 54.0% from the January 30th total of 298,600 shares. Based on an average daily volume of 555,600 shares, the short-interest ratio is presently 0.8 days. Currently, 9.2% of the shares of the stock are sold short.
Several research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Sunworks from a “sell” rating to a “hold” rating in a research report on Thursday, January 9th. ValuEngine lowered Sunworks from a “hold” rating to a “sell” rating in a research report on Wednesday, February 12th.
Shares of SUNW traded down $0.01 during trading hours on Wednesday, hitting $0.69. 539,496 shares of the stock traded hands, compared to its average volume of 842,587. The business has a fifty day moving average of $0.96 and a 200-day moving average of $1.58. The firm has a market capitalization of $3.70 million, a PE ratio of -0.36 and a beta of 2.74. Sunworks has a 1-year low of $0.68 and a 1-year high of $13.79. The company has a current ratio of 1.07, a quick ratio of 0.95 and a debt-to-equity ratio of 0.51.
Sunworks Company Profile
Sunworks, Inc, through its subsidiaries, provides photo voltaic based power systems for the agricultural, commercial, industrial, and residential markets in California, Nevada, Oregon, and Washington, the United States. The company also designs, arranges, finances, integrates, installs, and manages systems ranging in size from 2 kilowatt for residential loads to multi megawatt systems for larger commercial projects.
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