SPI Energy Co., Ltd. (NASDAQ:SPI) sees a significant drop in short-term interest


SPI Energy Co., Ltd. (NASDAQ:SPI – Get Rating) was the target of a significant drop in short-term interest in May. As of May 15, there was short interest totaling 702,200 shares, down 28.9% from the April 30 total of 987,000 shares. Based on an average daily trading volume of 839,100 shares, the day-to-cover ratio is currently 0.8 days. Currently, 3.2% of the stock’s shares are sold short.

Hedge funds have recently changed their equity holdings. Verition Fund Management LLC purchased a new stake in SPI Energy during Q1 worth approximately $39,000. Squarepoint Ops LLC acquired a new stake in SPI Energy during Q4, valued at approximately $45,000. NewEdge Advisors LLC acquired a new stake in SPI Energy during Q4, valued at approximately $58,000. JPMorgan Chase & Co. increased its stake in SPI Energy by 26.0% in the 4th quarter. JPMorgan Chase & Co. now owns 18,859 shares of the company valued at $68,000 after acquiring 3,890 additional shares during the period. Finally, Qube Research & Technologies Ltd acquired a new stake in SPI Energy during Q1 valued at approximately $104,000. Institutional investors hold 9.23% of the company’s shares.

SPI opened at $2.09 on Friday. The stock has a 50-day moving average price of $2.38 and a 200-day moving average price of $3.31. SPI Energy has a 12-month low of $1.51 and a 12-month high of $8.59. The company has a current ratio of 0.48, a quick ratio of 0.35 and a debt ratio of 1.10.

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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