Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) Short Interest Down 48.5% in April

Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN – Get Free Report) saw a significant decline in short interest in April. As of April 30th, there was short interest totaling 7,402 shares, a decline of 48.5% from the April 15th total of 14,381 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 113,630 shares, the short-interest ratio is currently 0.1 days.

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. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

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Skycorp Solar Group Limited Ordinary Shares Stock Performance

Skycorp Solar Group Limited Ordinary Shares stock traded down $0.12 during midday trading on Friday, hitting $4.31. 82,611 shares of the company’s stock were exchanged, compared to its average volume of 4,398,287. 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 – Get Free Report) last released its quarterly 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.

About Skycorp Solar Group Limited Ordinary Shares

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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.

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