Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) Sees Significant Growth in Short Interest

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

Skycorp Solar Group Limited Ordinary Shares Trading Up 1.5%

Shares of PN opened at $2.75 on Thursday. Skycorp Solar Group Limited Ordinary Shares has a fifty-two week low of $2.18 and a fifty-two week high of $40.00. The company has a fifty day moving average of $5.30. The company has a current ratio of 1.50, a quick ratio of 1.26 and a debt-to-equity ratio of 0.04.

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

Analysts Set New Price Targets

PN has been the topic of several recent analyst reports. 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 report on Tuesday, August 11th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

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.