Skycorp Solar Group Limited Ordinary Shares (NASDAQ:PN) Stock Short Interest Report for October

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

Analyst Upgrades and Downgrades

PN has been the subject of a number of recent analyst reports. Wall Street Zen cut 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 lowered 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, Skycorp Solar Group Limited Ordinary Shares has an average rating of “Sell”.

Skycorp Solar Group Limited Ordinary Shares Stock Performance

PN traded down $0.07 during trading on Tuesday, hitting $2.25. The stock had a trading volume of 32,961 shares, compared to its average volume of 755,836. The stock has a 50 day simple moving average of $2.54. Skycorp Solar Group Limited Ordinary Shares has a one year low of $1.77 and a one year high of $40.00. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.50 and a quick ratio of 1.26.

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

About Skycorp Solar Group Limited Ordinary Shares

Skycorp Solar Group Limited is a renewable energy company focused on solar photovoltaic products and related solutions. The company is listed on the Nasdaq Capital Market under the symbol PN.

Through its operating subsidiaries, Skycorp Solar Group develops, manufactures and sells solar photovoltaic modules and related solar power products. Its offerings are intended for use in solar power generation systems and may serve residential, commercial and other distributed-energy applications.

The company’s operations are primarily associated with China, although publicly available information about its geographic reach, product portfolio and executive leadership is limited.