Skillsoft Corp. (NYSE:SKIL) Stock Short Interest Report for September

Skillsoft Corp. (NYSE:SKIL) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 438,403 shares, a drop of 37.4% from the September 15th total of 700,067 shares. Based on an average daily volume of 80,309 shares, the days-to-cover ratio is currently 5.5 days. Approximately 5.7% of the shares of the stock are sold short.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Weiss Ratings raised shares of Skillsoft from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 5th. Oppenheimer reaffirmed a “market perform” rating on shares of Skillsoft in a research note on Thursday, September 10th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Skillsoft has a consensus rating of “Reduce”.

Insider Activity at Skillsoft

In other news, CEO Ronald W. Hovsepian bought 12,777 shares of Skillsoft stock in a transaction dated Friday, September 18th. The shares were purchased at an average cost of $6.52 per share, with a total value of $83,306.04. Following the completion of the acquisition, the chief executive officer owned 362,746 shares of the company’s stock, valued at $2,365,103.92. This trade represents a 3.65% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jim Frankola purchased 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The shares were purchased at an average cost of $5.14 per share, with a total value of $128,500.00. Following the completion of the purchase, the director owned 132,736 shares of the company’s stock, valued at $682,263.04. The trade was a 23.20% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 65,918 shares of company stock valued at $378,582 over the last 90 days. 16.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Skillsoft

Several institutional investors have recently made changes to their positions in the company. Squarepoint Ops LLC purchased a new position in Skillsoft during the 2nd quarter valued at $98,000. Renaissance Technologies LLC boosted its holdings in shares of Skillsoft by 11.1% in the first quarter. Renaissance Technologies LLC now owns 61,009 shares of the company’s stock valued at $262,000 after purchasing an additional 6,100 shares during the period. Finally, Bank of New York Mellon Corp increased its holdings in Skillsoft by 23.7% during the 1st quarter. Bank of New York Mellon Corp now owns 15,561 shares of the company’s stock worth $67,000 after purchasing an additional 2,985 shares during the period. Institutional investors own 87.00% of the company’s stock.

Skillsoft Stock Down 1.5%

SKIL traded down $0.09 on Friday, hitting $5.78. The company had a trading volume of 8,064 shares, compared to its average volume of 136,893. The company has a market cap of $52.55 million, a PE ratio of -0.31, a PEG ratio of 0.19 and a beta of 2.41. Skillsoft has a 12-month low of $3.43 and a 12-month high of $18.45. The business’s fifty day simple moving average is $6.67 and its 200 day simple moving average is $6.67.

Skillsoft (NYSE:SKIL) last issued its quarterly earnings data on Wednesday, September 9th. The company reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.34. The business had revenue of $98.25 million for the quarter, compared to the consensus estimate of $99.00 million. Skillsoft had a negative return on equity of 74.19% and a negative net margin of 36.13%. On average, analysts anticipate that Skillsoft will post 3.05 earnings per share for the current fiscal year.

Skillsoft Company Profile

Skillsoft Corporation (NYSE: SKIL) is a provider of digital learning and talent development solutions for businesses, government organizations and other institutions. The company helps organizations build workforce skills through online courses, learning paths, assessments, certifications and professional development content.

Its offerings include the Percipio learning experience platform, which provides access to courses, videos, books and other educational resources across business, technology and leadership topics.