Sunworks Inc (NASDAQ:SUNW) Short Interest Up 54.0% in February

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.

Hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new stake in Sunworks in the fourth quarter worth about $47,000. Oxford Asset Management LLP acquired a new position in Sunworks during the 4th quarter valued at about $25,000. Amundi Pioneer Asset Management Inc. lifted its position in Sunworks by 7.9% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 257,705 shares of the semiconductor company’s stock valued at $326,000 after purchasing an additional 18,814 shares during the period. Vanguard Group Inc. boosted its stake in shares of Sunworks by 392.2% in the 2nd quarter. Vanguard Group Inc. now owns 1,143,273 shares of the semiconductor company’s stock valued at $623,000 after purchasing an additional 910,982 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in shares of Sunworks by 124.4% in the 2nd quarter. BlackRock Inc. now owns 111,529 shares of the semiconductor company’s stock valued at $61,000 after purchasing an additional 61,826 shares during the last quarter. Hedge funds and other institutional investors own 8.39% of the company’s stock.

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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