Short Interest in Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) Rises By 721.7%

Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) was the recipient of 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 stock 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 Stock Down 0.5%

Shares of PN opened at $3.75 on Friday. Skycorp Solar Group Limited Ordinary Shares has a 52 week low of $2.18 and a 52 week high of $87.40.

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

Analysts Set New Price Targets

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 report on Monday, May 11th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock 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.