Summer Energy Holdings, Inc. (OTCMKTS:SUME) Sees Large Drop in Short Interest

Summer Energy Holdings, Inc. (OTCMKTS:SUME) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 600 shares, a decrease of 25.0% from the August 15th total of 800 shares. Based on an average trading volume of 2,300 shares, the days-to-cover ratio is presently 0.3 days.

Summer Energy Price Performance

Shares of Summer Energy stock traded up $0.02 on Friday, reaching $0.42. 11,000 shares of the company’s stock were exchanged, compared to its average volume of 952. The firm’s 50-day moving average is $0.55 and its two-hundred day moving average is $0.48. Summer Energy has a 52 week low of $0.16 and a 52 week high of $0.99.

About Summer Energy

Summer Energy Holdings, Inc, through its subsidiaries, operates as a retail electric provider in Texas, Massachusetts, New Hampshire, Ohio, and Illinois. It procures wholesale energy and resells to commercial and residential customers. The company was founded in 2011 and is headquartered in Houston, Texas.