Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) Stock Short Interest Report for October

Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 11,612 shares, a drop of 85.8% from the September 30th total of 81,693 shares. Currently, 0.9% of the company’s stock are sold short. Based on an average trading volume of 73,155 shares, the short-interest ratio is presently 0.2 days.

Analysts Set New Price Targets

Several analysts recently issued reports on PN shares. Weiss Ratings lowered Skycorp Solar Group Limited Ordinary Shares from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, October 19th. Wall Street Zen downgraded Skycorp Solar Group Limited Ordinary Shares from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 10th. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently has a consensus rating of “Sell”.

Skycorp Solar Group Limited Ordinary Shares Price Performance

PN traded down $0.07 during trading on Tuesday, reaching $2.25. 32,961 shares of the stock were exchanged, compared to its average volume of 755,836. The company has a current ratio of 1.50, a quick ratio of 1.26 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average price is $2.54. Skycorp Solar Group Limited Ordinary Shares has a twelve month low of $1.77 and a twelve month high of $40.00.

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

About Skycorp Solar Group Limited Ordinary Shares

Skycorp Solar Group Limited is a renewable energy company focused on solar photovoltaic products and related solutions. The company is listed on the Nasdaq Capital Market under the symbol PN.

Through its operating subsidiaries, Skycorp Solar Group develops, manufactures and sells solar photovoltaic modules and related solar power products. Its offerings are intended for use in solar power generation systems and may serve residential, commercial and other distributed-energy applications.

The company’s operations are primarily associated with China, although publicly available information about its geographic reach, product portfolio and executive leadership is limited.