Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) Sees Significant Increase in Short Interest

Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) saw a large growth in short interest in May. As of May 15th, there was short interest totaling 60,822 shares, a growth of 721.7% from the April 30th total of 7,402 shares. Currently, 11.8% of the shares of the company are short sold. Based on an average trading volume of 7,718,430 shares, the days-to-cover ratio is presently 0.0 days.

Skycorp Solar Group Limited Ordinary Shares Trading Down 0.5%

Shares of NASDAQ:PN traded down $0.02 during mid-day trading on Friday, reaching $3.75. The stock had a trading volume of 32,618 shares, compared to its average volume of 907,416. Skycorp Solar Group Limited Ordinary Shares has a 1 year low of $2.18 and a 1 year high of $87.40.

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

Wall Street Analysts Forecast Growth

Separately, 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, May 11th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently 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.