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 during the month of July. As of July 31st, there was short interest totaling 77,880 shares, a growth of 56.1% from the July 15th total of 49,881 shares. Based on an average daily volume of 2,013,706 shares, the short-interest ratio is presently 0.0 days. Currently, 6.0% of the company’s stock are short sold.

Analysts Set New Price Targets

Several brokerages recently commented on PN. Wall Street Zen cut shares of Skycorp Solar Group Limited Ordinary Shares from a “hold” rating to a “strong sell” rating in a report on Sunday, August 9th. Weiss Ratings lowered shares of Skycorp Solar Group Limited Ordinary Shares from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Skycorp Solar Group Limited Ordinary Shares has an average rating of “Sell”.

Skycorp Solar Group Limited Ordinary Shares Stock Performance

PN opened at $2.81 on Tuesday. The firm has a fifty day simple moving average of $5.34. Skycorp Solar Group Limited Ordinary Shares has a 1-year low of $2.18 and a 1-year high of $40.00. The company has a current ratio of 1.50, a quick ratio of 1.26 and a debt-to-equity ratio of 0.04.

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

Skycorp Solar Group Limited Ordinary Shares Company Profile

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.