Skillsoft Corp. (NYSE:SKIL) Stock Short Interest Report for September

Skillsoft Corp. (NYSE:SKIL) saw a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 438,403 shares, a decrease of 37.4% from the September 15th total of 700,067 shares. Based on an average trading volume of 80,309 shares, the days-to-cover ratio is presently 5.5 days. Approximately 5.7% of the company’s stock are sold short.

Insider Activity

In other Skillsoft news, CEO Ronald Hovsepian bought 12,777 shares of the company’s stock in a transaction on Friday, September 18th. The shares were bought at an average cost of $6.52 per share, for a total transaction of $83,306.04. Following the acquisition, the chief executive officer directly owned 362,746 shares in the company, valued at approximately $2,365,103.92. The trade was a 3.65% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jim Frankola purchased 25,000 shares of Skillsoft stock in a transaction dated Tuesday, September 15th. The stock was acquired at an average price of $5.14 per share, with a total value of $128,500.00. Following the acquisition, the director owned 132,736 shares in the company, valued at approximately $682,263.04. This represents a 23.20% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have acquired 65,918 shares of company stock worth $378,582. 16.20% of the stock is owned by company insiders.

Hedge Funds Weigh In On Skillsoft

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its stake in Skillsoft by 23.7% during the 1st quarter. Bank of New York Mellon Corp now owns 15,561 shares of the company’s stock valued at $67,000 after purchasing an additional 2,985 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Skillsoft during the second quarter worth $98,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Skillsoft by 11.1% during the first quarter. Renaissance Technologies LLC now owns 61,009 shares of the company’s stock valued at $262,000 after buying an additional 6,100 shares during the last quarter. 87.00% of the stock is owned by hedge funds and other institutional investors.

Skillsoft Trading Down 1.5%

Shares of NYSE:SKIL traded down $0.09 during trading on Friday, reaching $5.78. The stock had a trading volume of 8,064 shares, compared to its average volume of 136,893. The firm’s 50-day simple moving average is $6.67 and its 200 day simple moving average is $6.67. Skillsoft has a one year low of $3.43 and a one year high of $18.45. The company has a market capitalization of $52.55 million, a P/E ratio of -0.31, a PEG ratio of 0.19 and a beta of 2.41.

Skillsoft (NYSE:SKIL) last announced its earnings results on Wednesday, September 9th. The company reported $1.17 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.34. Skillsoft had a negative net margin of 36.13% and a negative return on equity of 74.19%. The company had revenue of $98.25 million during the quarter, compared to the consensus estimate of $99.00 million. Equities research analysts forecast that Skillsoft will post 3.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on SKIL shares. Oppenheimer reissued a “market perform” rating on shares of Skillsoft in a research note on Thursday, September 10th. Weiss Ratings raised Skillsoft from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 5th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Reduce”.

Skillsoft Company Profile

Skillsoft Corporation (NYSE: SKIL) is a provider of digital learning and talent development solutions for businesses, government organizations and other institutions. The company helps organizations build workforce skills through online courses, learning paths, assessments, certifications and professional development content.

Its offerings include the Percipio learning experience platform, which provides access to courses, videos, books and other educational resources across business, technology and leadership topics.