SPI Energy Co., Ltd. (NASDAQ:SPI) Sees Significant Growth in Short Interest

SPI Energy Co., Ltd. (NASDAQ:SPI) was the recipient of a large growth in short interest in August. As of August 15th, there was short interest totalling 57,300 shares, a growth of 43.3% from the July 31st total of 40,000 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 66,800 shares, the days-to-cover ratio is currently 0.9 days.

Analyst Ratings Changes

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

SPI Energy Stock Performance

NASDAQ SPI remained flat at $0.33 during trading hours on Friday. The company had a trading volume of 58,323 shares, compared to its average volume of 75,267. SPI Energy has a 52-week low of $0.27 and a 52-week high of $1.26. The stock has a market cap of $10.51 million, a PE ratio of -0.38 and a beta of 0.71. The company’s 50-day moving average is $0.37 and its two-hundred day moving average is $0.50.

About SPI Energy

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.