iSun, Inc. (NASDAQ:ISUN) Short Interest Up 37.1% in October

iSun, Inc. (NASDAQ:ISUN) was the target of a large growth in short interest in October. As of October 31st, there was short interest totalling 562,900 shares, a growth of 37.1% from the October 15th total of 410,500 shares. Based on an average trading volume of 594,500 shares, the days-to-cover ratio is currently 0.9 days.

iSun Price Performance

Shares of ISUN opened at $0.16 on Wednesday. The firm has a market cap of $5.42 million, a PE ratio of -0.19 and a beta of 0.83. iSun has a 1-year low of $0.15 and a 1-year high of $2.25. The company has a current ratio of 0.85, a quick ratio of 0.79 and a debt-to-equity ratio of 0.27. The firm has a fifty day simple moving average of $0.22 and a two-hundred day simple moving average of $0.37.

Institutional Trading of iSun

A number of hedge funds have recently bought and sold shares of the company. Essex Investment Management Co. LLC lifted its position in iSun by 279.4% during the first quarter. Essex Investment Management Co. LLC now owns 870,694 shares of the company’s stock valued at $897,000 after purchasing an additional 641,228 shares in the last quarter. Commonwealth Equity Services LLC lifted its holdings in iSun by 442.9% during the third quarter. Commonwealth Equity Services LLC now owns 551,600 shares of the company’s stock valued at $124,000 after purchasing an additional 450,000 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of iSun by 2.9% in the first quarter. Vanguard Group Inc. now owns 361,668 shares of the company’s stock worth $1,482,000 after purchasing an additional 10,213 shares during the period. Legato Capital Management LLC increased its stake in shares of iSun by 218.2% in the first quarter. Legato Capital Management LLC now owns 248,127 shares of the company’s stock worth $256,000 after purchasing an additional 170,157 shares in the last quarter. Finally, United Capital Financial Advisers LLC bought a new stake in shares of iSun during the 4th quarter valued at $306,000. Hedge funds and other institutional investors own 19.87% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. HC Wainwright reissued a “buy” rating and issued a $2.75 target price on shares of iSun in a report on Friday, August 11th. Alliance Global Partners reduced their price objective on iSun from $2.50 to $2.00 in a report on Friday, August 11th. Finally, Roth Mkm lowered their target price on shares of iSun from $2.00 to $1.00 and set a “buy” rating on the stock in a research note on Thursday, August 17th.

iSun Company Profile

iSun, Inc, a solar energy 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 also provides electrical contracting services; and data and communication services.