iSun, Inc. (NASDAQ:ISUN) was the recipient of a significant drop in short interest during the month of April. As of April 15th, there was short interest totalling 431,400 shares, a drop of 16.6% from the March 31st total of 517,000 shares. Based on an average trading volume of 622,100 shares, the short-interest ratio is currently 0.7 days.
Separately, TheStreet raised shares of iSun from a “d” rating to a “c-” rating in a research note on Monday, March 15th.
NASDAQ ISUN traded down $0.13 during mid-day trading on Tuesday, reaching $10.26. 130,771 shares of the stock were exchanged, compared to its average volume of 1,120,325. iSun has a one year low of $3.01 and a one year high of $32.24. The company has a 50 day moving average of $13.05.
In other news, EVP Frederick Myrick, Jr. sold 21,666 shares of the firm’s stock in a transaction on Monday, March 22nd. The shares were sold at an average price of $16.58, for a total transaction of $359,222.28. Following the completion of the transaction, the executive vice president now owns 707,440 shares of the company’s stock, valued at $11,729,355.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jeffrey Peck sold 13,807 shares of the firm’s stock in a transaction on Monday, April 5th. The shares were sold at an average price of $15.12, for a total transaction of $208,761.84. Following the transaction, the chief executive officer now directly owns 1,361,497 shares of the company’s stock, valued at approximately $20,585,834.64. The disclosure for this sale can be found here. Insiders have sold 153,999 shares of company stock valued at $2,410,191 in the last ninety days.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Veracity Capital LLC bought a new position in iSun during the first quarter worth $7,343,000. FNY Investment Advisers LLC bought a new stake in iSun in the first quarter valued at $2,749,000. Finally, Claraphi Advisory Network LLC bought a new stake in iSun in the first quarter valued at $1,487,000.
iSun Company Profile
iSun, Inc operates as a solar engineering, construction, and procurement contractor for commercial and industrial customers in the Northeastern United States. It also provides electrical contracting services; and data and communication services. The company was formerly known as The Peck Company Holdings, Inc and changed its name to iSun, Inc in January 2021.
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