Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) Sees Large Increase in Short Interest

Hannon Armstrong Sustnbl Infrstr Cap Inc (NYSE:HASI) saw a significant increase in short interest during the month of November. As of November 29th, there was short interest totalling 4,920,000 shares, an increase of 12.6% from the November 14th total of 4,370,000 shares. Based on an average daily volume of 361,000 shares, the short-interest ratio is currently 13.6 days. Approximately 7.8% of the company’s stock are sold short.

In related news, EVP Nathaniel Rose sold 12,000 shares of the stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $29.42, for a total transaction of $353,040.00. Following the completion of the transaction, the executive vice president now owns 254,816 shares in the company, valued at $7,496,686.72. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Daniel K. Mcmahon sold 5,000 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $28.74, for a total transaction of $143,700.00. Following the transaction, the executive vice president now owns 223,233 shares of the company’s stock, valued at approximately $6,415,716.42. The disclosure for this sale can be found here. In the last quarter, insiders bought 2,057 shares of company stock valued at $59,504. 3.60% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Point72 Asset Management L.P. purchased a new position in shares of Hannon Armstrong Sustnbl Infrstr Cap during the second quarter worth approximately $28,000. Financial Advantage Inc. purchased a new position in shares of Hannon Armstrong Sustnbl Infrstr Cap during the third quarter worth approximately $36,000. Catalyst Capital Advisors LLC purchased a new position in shares of Hannon Armstrong Sustnbl Infrstr Cap during the third quarter worth approximately $70,000. Quest Capital Management Inc. ADV purchased a new position in shares of Hannon Armstrong Sustnbl Infrstr Cap during the third quarter worth approximately $81,000. Finally, Glassman Wealth Services raised its stake in shares of Hannon Armstrong Sustnbl Infrstr Cap by 210.2% during the second quarter. Glassman Wealth Services now owns 3,502 shares of the real estate investment trust’s stock worth $99,000 after acquiring an additional 2,373 shares in the last quarter. 74.48% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently weighed in on HASI shares. ValuEngine lowered shares of Hannon Armstrong Sustnbl Infrstr Cap from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research lowered shares of Hannon Armstrong Sustnbl Infrstr Cap from a “buy” rating to a “hold” rating and set a $33.00 price target for the company. in a research report on Wednesday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Hannon Armstrong Sustnbl Infrstr Cap presently has an average rating of “Buy” and a consensus target price of $29.60.

Shares of HASI stock traded up $0.96 during trading hours on Friday, reaching $31.16. The stock had a trading volume of 492,095 shares, compared to its average volume of 466,737. The stock’s fifty day simple moving average is $29.36 and its 200 day simple moving average is $28.17. The company has a current ratio of 29.13, a quick ratio of 29.13 and a debt-to-equity ratio of 1.54. Hannon Armstrong Sustnbl Infrstr Cap has a 12 month low of $18.83 and a 12 month high of $31.22. The firm has a market capitalization of $1.98 billion, a PE ratio of 25.81, a PEG ratio of 9.18 and a beta of 1.01.

Hannon Armstrong Sustnbl Infrstr Cap Company Profile

Hannon Armstrong Sustainable Infrastructure Capital, Inc provides capital and services to the energy efficiency, renewable energy, and other sustainable infrastructure markets in the United States. The company's projects include energy efficiency projects that reduce a building's or facility's energy usage or cost through the use of solar generation, including heating, ventilation, and air conditioning systems, as well as lighting, energy controls, roofs, windows, building shells, and/or combined heat and power systems.

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