Pineapple Energy Inc. (NASDAQ:PEGY) Short Interest Up 151.6% in July

Pineapple Energy Inc. (NASDAQ:PEGY) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 1,260,000 shares, a growth of 151.6% from the June 30th total of 500,700 shares. Approximately 24.1% of the company’s shares are short sold. Based on an average daily volume of 6,880,000 shares, the short-interest ratio is presently 0.2 days.

Pineapple Energy Stock Down 0.7 %

Pineapple Energy stock traded down $0.01 during midday trading on Friday, reaching $1.37. The stock had a trading volume of 589,964 shares, compared to its average volume of 6,456,947. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.49 and a current ratio of 0.63. Pineapple Energy has a 52-week low of $0.62 and a 52-week high of $20.10. The company has a fifty day moving average of $1.95 and a 200 day moving average of $2.21.

Pineapple Energy (NASDAQ:PEGY) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($3.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($3.00) by ($0.90). The business had revenue of $13.22 million for the quarter, compared to the consensus estimate of $18.90 million. Pineapple Energy had a negative return on equity of 22.83% and a negative net margin of 6.18%. During the same period in the prior year, the business posted ($3.90) earnings per share. Equities analysts predict that Pineapple Energy will post -11.39 earnings per share for the current year.

Institutional Trading of Pineapple Energy

An institutional investor recently raised its position in Pineapple Energy stock. Coldstream Capital Management Inc. raised its stake in Pineapple Energy Inc. (NASDAQ:PEGY) by 186.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 280,812 shares of the company’s stock after buying an additional 182,812 shares during the period. Coldstream Capital Management Inc. owned about 2.80% of Pineapple Energy worth $166,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 4.21% of the stock is currently owned by institutional investors.

About Pineapple Energy

Pineapple Energy Inc engages in the sale, design, and installation of photovoltaic solar energy systems and battery storage systems in the United States. Its brand portfolio includes SUNation, Hawaii Energy Connection, E-Gear, Sungevity, and Horizon Solar Power. The company develops and manufactures energy management software and hardware, such as energy management control devices on solar systems that are paired with batteries.