Short Interest in Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) Grows By 56.1%

Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN – Get Free Report) saw a significant growth in short interest during the month of 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 days-to-cover ratio is currently 0.0 days. Approximately 6.0% of the shares of the company are sold short.

Skycorp Solar Group Limited Ordinary Shares Price Performance

PN stock opened at $2.81 on Tuesday. The firm has a 50-day moving average price of $5.34. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.26 and a current ratio of 1.50. Skycorp Solar Group Limited Ordinary Shares has a 12 month low of $2.18 and a 12 month high of $40.00.

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

Wall Street Analyst Weigh In

PN has been the subject of several research reports. Wall Street Zen cut Skycorp Solar Group Limited Ordinary Shares from a “hold” rating to a “strong sell” rating in a report on Sunday, August 9th. Weiss Ratings lowered Skycorp Solar Group Limited Ordinary Shares from a “sell (d)” rating to a “sell (d-)” rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Skycorp Solar Group Limited Ordinary Shares currently has an average rating of “Sell”.

Check Out Our Latest Stock Analysis on Skycorp Solar Group Limited Ordinary Shares

Skycorp Solar Group Limited Ordinary Shares Company Profile

(Get Free Report)

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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