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

Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) was the target of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 60,822 shares, an increase of 721.7% from the April 30th total of 7,402 shares. Based on an average daily volume of 7,718,430 shares, the days-to-cover ratio is presently 0.0 days. Approximately 11.8% of the company’s stock are short sold.

Skycorp Solar Group Limited Ordinary Shares Stock Down 11.3%

Shares of PN 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) earnings per share for the quarter. The company had revenue of $19.57 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Skycorp Solar Group Limited Ordinary Shares from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

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.