SPI Energy Co., Ltd. (NASDAQ: SPI – Get a rating) benefited from a sharp fall in short-term interest rates during the month of April. As of April 30, there was short interest totaling 987,000 shares, down 17.8% from the April 15 total of 1,200,000 shares. Approximately 4.6% of the company’s shares are sold short. Based on an average daily trading volume of 827,400 shares, the short-term interest rate ratio is currently 1.2 days.
SPI Stock traded down $0.03 during Tuesday’s trading, hitting $1.95. The company had a trading volume of 2,121 shares, compared to an average volume of 266,060. The company has a 50-day simple moving average of $2.61 and a 200-day simple moving average of $3.50. The company has a quick ratio of 0.35, a current ratio of 0.48 and a debt ratio of 0.49. SPI Energy has a 12-month low of $1.51 and a 12-month high of $8.59.
A number of hedge funds and other institutional investors have recently changed their positions in the company. Verition Fund Management LLC acquired a new stake in SPI Energy during Q1 valued at approximately $39,000. Ergoteles LLC bought a new stock position in SPI Energy during Q1 worth approximately $199,000. Qube Research & Technologies Ltd bought a new position in SPI Energy shares during Q1 worth approximately $104,000. NewEdge Advisors LLC bought a new stock position in SPI Energy during Q4, valued at around $58,000. Finally, Marshall Wace LLP bought a new position in SPI Energy stock during Q4 valued at around $164,000. Institutional investors and hedge funds own 9.23% of the company’s shares.
About SPI Energy (Get a rating)
SPI Energy Co, Ltd. provides photovoltaic and electric vehicle (EV) solutions for commercial, residential, government and utility customers and investors in Australia, Japan, Italy, USA, UK and Greece. The company provides engineering, procurement and construction services to independent power developers and producers, as well as commercial and industrial businesses.
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