Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) Short Interest Update

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

Skycorp Solar Group Limited Ordinary Shares Price Performance

PN traded down $0.12 during trading on Friday, reaching $4.31. 82,611 shares of the stock traded hands, compared to its average volume of 4,398,287. Skycorp Solar Group Limited Ordinary Shares has a fifty-two week low of $2.18 and a fifty-two week high of $87.40.

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

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, May 11th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Skycorp Solar Group Limited Ordinary Shares 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.