Short Interest in Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) Drops By 48.5%

Posted by James Quigley on May 16th, 2026

Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN – Get Free Report) was the target of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 7,402 shares, a decrease of 48.5% from the April 15th total of 14,381 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily volume of 113,630 shares, the days-to-cover ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, 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 Monday. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

View Our Latest Stock Report on PN

Skycorp Solar Group Limited Ordinary Shares Stock Performance

Shares of NASDAQ:PN traded down $0.12 during trading on Friday, hitting $4.31. 82,611 shares of the company were exchanged, compared to its average volume of 4,398,287. Skycorp Solar Group Limited Ordinary Shares has a 52-week low of $2.18 and a 52-week high of $87.40.

Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN – Get Free Report) last announced its quarterly earnings results on Thursday, February 12th. The company reported ($1.00) earnings per share for the quarter. The firm had revenue of $19.57 million during the quarter.

About Skycorp Solar Group Limited Ordinary Shares

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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.