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

Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 122,783 shares, a growth of 86.2% from the August 15th total of 65,935 shares. Approximately 23.8% of the shares of the company are sold short. Based on an average daily volume of 191,177 shares, the short-interest ratio is presently 0.6 days.

Skycorp Solar Group Limited Ordinary Shares Stock Performance

Shares of Skycorp Solar Group Limited Ordinary Shares stock opened at $2.41 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 1.50 and a debt-to-equity ratio of 0.04. The company has a fifty day moving average price of $4.83. Skycorp Solar Group Limited Ordinary Shares has a fifty-two week low of $1.77 and a fifty-two week high of $40.00.

Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) last released its earnings results on Tuesday, August 4th. The company reported ($1.76) earnings per share (EPS) for the quarter. The company had revenue of $12.75 million during the quarter.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on PN shares. Weiss Ratings upgraded shares of Skycorp Solar Group Limited Ordinary Shares from a “sell (d-)” rating to a “sell (d)” rating in a research note on Wednesday, August 26th. Wall Street Zen raised shares of Skycorp Solar Group Limited Ordinary Shares from a “strong sell” rating to a “sell” rating in a research note on Saturday, September 5th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Skycorp Solar Group Limited Ordinary Shares has a consensus rating of “Sell”.

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.