Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) Stock Short Interest Drops 85.8%

Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totaling 11,612 shares, a decrease of 85.8% from the September 30th total of 81,693 shares. Currently, 0.9% of the company’s shares are short sold. Based on an average trading volume of 73,155 shares, the short-interest ratio is presently 0.2 days.

Skycorp Solar Group Limited Ordinary Shares Stock Down 3.4%

NASDAQ:PN traded down $0.08 during trading hours on Thursday, reaching $2.28. 37,139 shares of the stock were exchanged, compared to its average volume of 749,180. Skycorp Solar Group Limited Ordinary Shares has a twelve month low of $1.77 and a twelve month high of $40.00. The stock has a 50-day simple moving average of $2.52. The company has a quick ratio of 1.26, a current ratio of 1.50 and a debt-to-equity ratio of 0.04.

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

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Weiss Ratings downgraded Skycorp Solar Group Limited Ordinary Shares from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, October 19th. Wall Street Zen lowered shares of Skycorp Solar Group Limited Ordinary Shares from a “sell” rating to a “strong sell” rating in a report on Saturday, October 10th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has an average rating of “Sell”.

About Skycorp Solar Group Limited Ordinary Shares

Skycorp Solar Group Limited is a solar energy company focused on the development and sale of photovoltaic products and related renewable-energy solutions. Its business is centered on products used to convert sunlight into electricity for residential, commercial and other applications.

The company’s activities have included the manufacture and distribution of solar photovoltaic modules and related components, as well as associated solar power systems and services. Available public information indicates that Skycorp Solar Group serves customers in China and may work with suppliers and business partners across the broader solar-energy supply chain.

Detailed, current information about the company’s operating subsidiaries, leadership team and historical development is limited in publicly available sources.