Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) Short Interest Update

Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) was the recipient of a large drop in short interest in July. As of July 15th, there was short interest totaling 49,881 shares, a drop of 33.2% from the June 30th total of 74,671 shares. Based on an average daily volume of 15,686 shares, the days-to-cover ratio is currently 3.2 days. Currently, 9.7% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on PN shares. Weiss Ratings raised Skycorp Solar Group Limited Ordinary Shares from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, July 20th. Wall Street Zen raised shares of Skycorp Solar Group Limited Ordinary Shares to a “sell” rating in a research report on Saturday, June 13th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

Skycorp Solar Group Limited Ordinary Shares Trading Up 120.8%

Shares of Skycorp Solar Group Limited Ordinary Shares stock opened at $23.67 on Friday. The firm has a 50-day moving average of $4.86. Skycorp Solar Group Limited Ordinary Shares has a 1 year low of $2.18 and a 1 year high of $76.80.

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.