SPI Energy Co., Ltd. (NASDAQ:SPI) Short Interest Up 17.6% in July

SPI Energy Co., Ltd. (NASDAQ:SPI) saw a large growth in short interest during the month of July. As of July 15th, there was short interest totalling 54,900 shares, a growth of 17.6% from the June 30th total of 46,700 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 74,000 shares, the days-to-cover ratio is presently 0.7 days.

SPI Energy Price Performance

SPI Energy stock remained flat at $0.35 during mid-day trading on Monday. 60,252 shares of the company’s stock were exchanged, compared to its average volume of 74,060. The stock’s 50-day moving average price is $0.48 and its 200 day moving average price is $0.55. The stock has a market capitalization of $11.04 million, a price-to-earnings ratio of -0.40 and a beta of 0.71. SPI Energy has a fifty-two week low of $0.32 and a fifty-two week high of $1.39.

Analysts Set New Price Targets

Separately, Maxim Group reissued a “hold” rating on shares of SPI Energy in a research report on Tuesday, May 21st.

SPI Energy Company Profile

SPI Energy Co, Ltd. provides photovoltaic and electric vehicle (EV) solutions for business, residential, government, and utility customers and investors in Australia, Japan, Italy, the United States, the United Kingdom, and Greece. The company offers engineering, procurement, and construction services to independent power developers and producers, and commercial and industrial companies.