Skillsoft Corp. (NYSE:SKIL) Short Interest Update

Skillsoft Corp. (NYSE:SKIL) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totaling 770,819 shares, an increase of 48.8% from the November 30th total of 518,147 shares. Based on an average trading volume of 224,199 shares, the days-to-cover ratio is presently 3.4 days. Currently, 10.4% of the shares of the stock are short sold. Currently, 10.4% of the shares of the stock are short sold. Based on an average trading volume of 224,199 shares, the days-to-cover ratio is presently 3.4 days.

Skillsoft Trading Up 9.1%

Skillsoft stock traded up $0.65 during midday trading on Monday, reaching $7.82. The stock had a trading volume of 548,862 shares, compared to its average volume of 78,372. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 142.97. The firm has a market cap of $68.49 million, a price-to-earnings ratio of -0.49, a price-to-earnings-growth ratio of 0.27 and a beta of 1.73. Skillsoft has a 52-week low of $4.65 and a 52-week high of $34.42. The company has a fifty day moving average of $10.38 and a 200 day moving average of $13.23.

Skillsoft (NYSE:SKIL) last posted its quarterly earnings data on Wednesday, December 10th. The company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.39. The company had revenue of $129.00 million during the quarter, compared to analysts’ expectations of $131.60 million. Skillsoft had a positive return on equity of 40.31% and a negative net margin of 26.02%. On average, analysts anticipate that Skillsoft will post -11.31 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SKIL has been the subject of a number of recent research reports. Zacks Research raised shares of Skillsoft from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 24th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Skillsoft in a research report on Monday, December 22nd. Finally, Wall Street Zen cut shares of Skillsoft from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Skillsoft has an average rating of “Moderate Buy”.

Institutional Investors Weigh In On Skillsoft

Several hedge funds have recently made changes to their positions in SKIL. AREX Capital Management LP grew its position in shares of Skillsoft by 1.4% during the 2nd quarter. AREX Capital Management LP now owns 404,391 shares of the company’s stock worth $6,458,000 after buying an additional 5,431 shares in the last quarter. Vanguard Group Inc. increased its position in Skillsoft by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 257,767 shares of the company’s stock valued at $3,356,000 after purchasing an additional 1,841 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Skillsoft by 122.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 150,254 shares of the company’s stock valued at $2,891,000 after purchasing an additional 82,860 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Skillsoft by 114.6% in the 2nd quarter. Geode Capital Management LLC now owns 102,715 shares of the company’s stock valued at $1,641,000 after purchasing an additional 54,853 shares in the last quarter. Finally, UBS Group AG lifted its position in shares of Skillsoft by 17.4% in the 3rd quarter. UBS Group AG now owns 85,449 shares of the company’s stock worth $1,113,000 after purchasing an additional 12,692 shares during the period. 87.00% of the stock is currently owned by hedge funds and other institutional investors.

About Skillsoft

Skillsoft (NYSE: SKIL) is a leading provider of corporate digital learning solutions designed to help organizations develop skills and drive performance. The company offers a range of cloud-based learning platforms and content libraries that cover technical training, leadership development, compliance, and productivity applications. Skillsoft’s flagship platform, Percipio, delivers micro-learning modules, video tutorials, books and audiobooks, hands-on labs and simulations, and practice assessments within a unified interface that can be accessed on desktop or mobile devices.

Skillsoft’s content spans IT certification preparation, software development, cloud computing, cybersecurity, project management, and a variety of professional skills such as communication, management and sales.