2 weeks Ago By ABMN Staff
Emeren Group Ltd ( NYSE:SOL – Get Free Report ) saw a significant decrease in short interest during the month of September. As of September 15th, there was short interest totalling 1,430,000 shares, a decrease of 13.9% from the August 31st total of 1,660,000 shares.
Based on an average daily volume of 226,700 shares, the short-interest ratio is presently 6.3 days. Insider Activity In other Emeren Group news, Chairman Shah Capital Management acquired 26,843 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd.
The shares were acquired at an average cost of $1.83 per share, for a total transaction of $49,122.69.
Following the transaction, the chairman now directly owns 18,655,151 shares of the company’s stock, valued at $34,138,926.33. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink .
Company insiders own 18.02% of the company’s stock. Hedge Funds Weigh In On Emeren Group A number of hedge funds have recently made changes to their positions in the stock.
Monaco Asset Management SAM raised its position in shares of Emeren Group by 40.6% in the 1st quarter. Monaco Asset Management SAM now owns 1,170,000 shares of the semiconductor company’s stock worth $2,258,000 after buying an additional 337,650 shares during the period.
GSA Capital Partners LLP increased its stake in Emeren Group by 9.7% during the first quarter. GSA Capital Partners LLP now owns 747,448 shares of the semiconductor company’s stock worth $1,443,000 after acquiring an additional 66,284 shares during the last quarter.
Finally, Mercer Global Advisors Inc. ADV raised its holdings in shares of Emeren Group by 160.9% in the 2nd quarter.
Mercer Global Advisors Inc. ADV now owns 47,809 shares of the semiconductor company’s stock worth $72,000 after purchasing an additional 29,484 shares during the period. Institutional investors and hedge funds own 44.
08% of the company’s stock. Analyst Ratings Changes Get Our Latest Analysis on SOL Emeren Group Trading Up 0.8 % Shares of Emeren Group stock opened at $2.
39 on Friday. The firm has a market cap of $122.51 million, a PE ratio of -9.
19 and a beta of 1.71. The company has a quick ratio of 4.
27, a current ratio of 4.27 and a debt-to-equity ratio of 0.07.
Emeren Group has a fifty-two week low of $1.41 and a fifty-two week high of $3.27.
The business’s fifty day moving average is $1.89 and its two-hundred day moving average is $1.84.
Emeren Group ( NYSE:SOL – Get Free Report ) last issued its quarterly earnings results on Tuesday, August 20th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.
07 by ($0.06). Emeren Group had a negative return on equity of 3.
15% and a negative net margin of 20.91%. The business had revenue of $30.
06 million during the quarter, compared to analyst estimates of $21.10 million. During the same period in the previous year, the business posted $0.
14 earnings per share. Analysts anticipate that Emeren Group will post 0.27 earnings per share for the current year.
About Emeren Group ( Get Free Report ) Emeren Group Ltd, together with its subsidiaries, develops, builds, and sells solar power projects. It owns and operates 3-gigawatt pipeline of projects and independent power producer assets, as well as a 10-gigawatt pipeline of storage pipeline. The company develops community solar gardens; and sells project rights.
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