SPI Energy Co., Ltd. (NASDAQ:SPI – Get Rating) was the recipient of a large decline in short interest during the month of April. As of April 30th, there was short interest totalling 987,000 shares, a decline of 17.8% from the April 15th total of 1,200,000 shares. Approximately 4.6% of the company’s stock are short sold. Based on an average daily trading volume, of 827,400 shares, the short-interest ratio is presently 1.2 days.
SPI stock traded up $0.03 during trading on Tuesday, reaching $1.95. The company had a trading volume of 2,121 shares, compared to its average volume of 266,060. The firm 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-to-equity ratio of 0.49. SPI Energy has a twelve month low of $1.51 and a twelve month high of $8.59.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Verition Fund Management LLC acquired a new stake in SPI Energy during the 1st quarter valued at approximately $39,000. Ergoteles LLC purchased a new position in shares of SPI Energy during the 1st quarter valued at approximately $199,000. Qube Research & Technologies Ltd purchased a new position in shares of SPI Energy during the 1st quarter valued at approximately $104,000. NewEdge Advisors LLC purchased a new position in shares of SPI Energy during the 4th quarter valued at approximately $58,000. Finally, Marshall Wace LLP purchased a new position in shares of SPI Energy during the 4th quarter valued at approximately $164,000. Institutional investors and hedge funds own 9.23% of the company’s stock.
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.
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