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

Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) was the recipient of a significant decrease in short interest during 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. Based on an average daily volume of 73,155 shares, the short-interest ratio is presently 0.2 days. Currently, 0.9% of the company’s stock are sold short.

Skycorp Solar Group Limited Ordinary Shares Trading Up 1.7%

NASDAQ:PN traded up $0.04 during mid-day trading on Wednesday, hitting $2.36. The stock had a trading volume of 66,230 shares, compared to its average volume of 752,620. Skycorp Solar Group Limited Ordinary Shares has a twelve month low of $1.77 and a twelve month high of $40.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.26 and a current ratio of 1.50. The stock has a 50 day simple moving average of $2.52.

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

Analysts Set New Price Targets

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