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

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

Analyst Upgrades and Downgrades

PN has been the subject of several analyst reports. Wall Street Zen raised shares of Skycorp Solar Group Limited Ordinary Shares to a “hold” rating in a research report on Saturday. Weiss Ratings upgraded shares of Skycorp Solar Group Limited Ordinary Shares from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, July 20th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Skycorp Solar Group Limited Ordinary Shares Stock Performance

Shares of PN stock opened at $17.27 on Friday. Skycorp Solar Group Limited Ordinary Shares has a 12-month low of $2.18 and a 12-month high of $76.80. The business’s fifty day simple moving average is $5.13.

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.