Short Interest in Skillsoft Corp. (NYSE:SKIL) Increases By 48.8%

Skillsoft Corp. (NYSE:SKIL) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 770,819 shares, a growth of 48.8% from the November 30th total of 518,147 shares. Approximately 10.4% of the shares of the company are short sold. Based on an average trading volume of 224,199 shares, the days-to-cover ratio is presently 3.4 days. Based on an average trading volume of 224,199 shares, the days-to-cover ratio is presently 3.4 days. Approximately 10.4% of the shares of the company are short sold.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Zacks Research upgraded shares of Skillsoft from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 24th. Weiss Ratings reissued a “sell (e+)” rating on shares of Skillsoft in a report on Monday. Finally, Wall Street Zen lowered Skillsoft from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Hedge Funds Weigh In On Skillsoft

Hedge funds and other institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Skillsoft during the second quarter worth approximately $39,000. Bank of America Corp DE grew its holdings in shares of Skillsoft by 330.0% during the fourth quarter. Bank of America Corp DE now owns 1,750 shares of the company’s stock worth $42,000 after buying an additional 1,343 shares in the last quarter. New York State Common Retirement Fund purchased a new stake in shares of Skillsoft during the second quarter worth $96,000. Cubist Systematic Strategies LLC raised its position in shares of Skillsoft by 20.5% in the first quarter. Cubist Systematic Strategies LLC now owns 9,370 shares of the company’s stock valued at $180,000 after buying an additional 1,593 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its position in Skillsoft by 42.6% during the second quarter. Corient Private Wealth LLC now owns 17,031 shares of the company’s stock worth $272,000 after acquiring an additional 5,091 shares during the last quarter. Hedge funds and other institutional investors own 87.00% of the company’s stock.

Skillsoft Price Performance

NYSE SKIL traded up $0.40 on Tuesday, hitting $8.23. The company had a trading volume of 302,603 shares, compared to its average volume of 79,775. The company has a debt-to-equity ratio of 142.97, a current ratio of 0.84 and a quick ratio of 0.84. The company’s fifty day moving average price is $10.19 and its 200-day moving average price is $13.17. The company has a market capitalization of $72.09 million, a PE ratio of -0.52, a PEG ratio of 0.27 and a beta of 1.73. Skillsoft has a 12-month low of $4.65 and a 12-month high of $34.42.

Skillsoft (NYSE:SKIL) last announced its earnings results on Wednesday, December 10th. The company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.39. The business had revenue of $129.00 million for the quarter, compared to analyst estimates of $131.60 million. Skillsoft had a negative net margin of 26.02% and a positive return on equity of 40.31%. As a group, analysts predict that Skillsoft will post -11.31 earnings per share for the current year.

About Skillsoft

Skillsoft (NYSE: SKIL) is a leading provider of corporate digital learning solutions designed to help organizations develop skills and drive performance. The company offers a range of cloud-based learning platforms and content libraries that cover technical training, leadership development, compliance, and productivity applications. Skillsoft’s flagship platform, Percipio, delivers micro-learning modules, video tutorials, books and audiobooks, hands-on labs and simulations, and practice assessments within a unified interface that can be accessed on desktop or mobile devices.

Skillsoft’s content spans IT certification preparation, software development, cloud computing, cybersecurity, project management, and a variety of professional skills such as communication, management and sales.