SPI Energy Co., Ltd. (NASDAQ:SPI) Short Interest Down 16.0% in March

SPI Energy Co., Ltd. (NASDAQ:SPIGet Free Report) saw a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 86,200 shares, a decline of 16.0% from the February 29th total of 102,600 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 75,100 shares, the days-to-cover ratio is currently 1.1 days.

SPI Energy Trading Up 2.9 %

Shares of SPI opened at $0.62 on Friday. SPI Energy has a 52-week low of $0.49 and a 52-week high of $1.61. The company has a quick ratio of 0.24, a current ratio of 0.41 and a debt-to-equity ratio of 0.38. The firm’s fifty day moving average is $0.62 and its two-hundred day moving average is $0.71. The stock has a market cap of $19.51 million, a PE ratio of -0.70 and a beta of 0.70.

Institutional Investors Weigh In On SPI Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ergoteles LLC purchased a new position in shares of SPI Energy during the 1st quarter worth $199,000. Verition Fund Management LLC purchased a new position in shares of SPI Energy during the 1st quarter worth $39,000. Jane Street Group LLC raised its holdings in shares of SPI Energy by 178.1% during the 1st quarter. Jane Street Group LLC now owns 149,598 shares of the company’s stock worth $429,000 after acquiring an additional 95,798 shares during the period. Virtu Financial LLC purchased a new position in shares of SPI Energy during the 1st quarter worth $197,000. Finally, Bank of America Corp DE raised its holdings in shares of SPI Energy by 6.0% during the 1st quarter. Bank of America Corp DE now owns 133,479 shares of the company’s stock worth $383,000 after acquiring an additional 7,562 shares during the period. Institutional investors and hedge funds own 1.73% of the company’s stock.

SPI Energy Company Profile

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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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