Short Interest in Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) Expands By 721.7%

Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) was the target of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 60,822 shares, a growth of 721.7% from the April 30th total of 7,402 shares. Currently, 11.8% of the shares of the stock are sold short. Based on an average trading volume of 7,718,430 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of Skycorp Solar Group Limited Ordinary Shares from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, May 11th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Skycorp Solar Group Limited Ordinary Shares has an average rating of “Sell”.

Skycorp Solar Group Limited Ordinary Shares Price Performance

Shares of Skycorp Solar Group Limited Ordinary Shares stock opened at $3.83 on Thursday. Skycorp Solar Group Limited Ordinary Shares has a 12-month low of $2.18 and a 12-month high of $87.40.

Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) last posted its earnings results on Thursday, February 12th. The company reported ($1.00) EPS for the quarter. The firm had revenue of $19.57 million for the quarter.

Skycorp Solar Group Limited Ordinary Shares Company Profile

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.