Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) Short Interest Update

Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) was the target of a large decrease in short interest in July. As of July 15th, there was short interest totaling 49,881 shares, a decrease of 33.2% from the June 30th total of 74,671 shares. Approximately 9.7% of the shares of the company are short sold. Based on an average trading volume of 15,686 shares, the short-interest ratio is presently 3.2 days.

Analyst Ratings Changes

A number of equities analysts have commented on PN shares. Weiss Ratings raised shares of Skycorp Solar Group Limited Ordinary Shares from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, July 20th. Wall Street Zen raised shares of Skycorp Solar Group Limited Ordinary Shares to a “sell” rating in a report on Saturday, June 13th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Skycorp Solar Group Limited Ordinary Shares Trading Up 120.8%

Shares of NASDAQ PN opened at $23.67 on Friday. The stock has a 50-day simple moving average of $4.86. Skycorp Solar Group Limited Ordinary Shares has a 52-week low of $2.18 and a 52-week high of $76.80.

About Skycorp Solar Group Limited Ordinary Shares

Skycorp Solar Group Ltd is a solar PV product provider principally engaged in the manufacture and sale of solar cables and solar connectors. It also has partnerships with multiple IC chip manufacturers and offers customers new and used GPU and HPC servers. Its business is carried out through its operating subsidiaries. The company operates in two operating segments: the business to manufacture and sell solar PV products and solar power system solutions service, the business to sell High Performance Computing products, and others.