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

Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 77,880 shares, a growth of 56.1% from the July 15th total of 49,881 shares. Based on an average daily volume of 2,013,706 shares, the short-interest ratio is currently 0.0 days. Approximately 6.0% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PN. Wall Street Zen downgraded Skycorp Solar Group Limited Ordinary Shares from a “hold” rating to a “strong sell” rating in a research report on Sunday, August 9th. Weiss Ratings cut Skycorp Solar Group Limited Ordinary Shares from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, August 11th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Skycorp Solar Group Limited Ordinary Shares Price Performance

Skycorp Solar Group Limited Ordinary Shares stock opened at $2.71 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 1.50 and a debt-to-equity ratio of 0.04. The business’s fifty day moving average is $5.32. Skycorp Solar Group Limited Ordinary Shares has a fifty-two week low of $2.18 and a fifty-two week high of $40.00.

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

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.