Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) Short Interest Up 86.2% in August

Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) saw a large growth in short interest in 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. Currently, 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 currently 0.6 days.

Skycorp Solar Group Limited Ordinary Shares Trading Up 5.6%

Shares of NASDAQ:PN traded up $0.14 during trading on Thursday, hitting $2.63. The stock had a trading volume of 210,177 shares, compared to its average volume of 856,412. The company has a quick ratio of 1.26, a current ratio of 1.50 and a debt-to-equity ratio of 0.04. Skycorp Solar Group Limited Ordinary Shares has a 12-month low of $1.77 and a 12-month high of $40.00. The business’s 50-day moving average price is $4.80.

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wall Street Zen upgraded 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. Weiss Ratings downgraded shares of Skycorp Solar Group Limited Ordinary Shares from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Skycorp Solar Group Limited Ordinary Shares currently has a consensus rating of “Sell”.

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.