SPI Energy Co., Ltd. (NASDAQ:SPI – Get Free Report) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 117,700 shares, a growth of 36.5% from the March 15th total of 86,200 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average trading volume of 76,000 shares, the days-to-cover ratio is currently 1.5 days.
SPI Energy Trading Down 2.0 %
Shares of NASDAQ:SPI opened at $0.56 on Monday. SPI Energy has a 12 month low of $0.49 and a 12 month high of $1.61. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.41 and a quick ratio of 0.24. The business’s 50 day simple moving average is $0.61 and its 200-day simple moving average is $0.69.
Institutional Investors Weigh In On SPI Energy
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC lifted its stake in SPI Energy by 178.1% in the 1st quarter. Jane Street Group LLC now owns 149,598 shares of the company’s stock valued at $429,000 after buying an additional 95,798 shares in the last quarter. Bank of America Corp DE lifted its stake in SPI Energy by 6.0% in the 1st quarter. Bank of America Corp DE now owns 133,479 shares of the company’s stock valued at $383,000 after buying an additional 7,562 shares in the last quarter. Renaissance Technologies LLC raised its holdings in SPI Energy by 46.2% in the 4th quarter. Renaissance Technologies LLC now owns 118,966 shares of the company’s stock valued at $102,000 after acquiring an additional 37,584 shares during the last quarter. Ergoteles LLC acquired a new position in SPI Energy in the 1st quarter valued at $199,000. Finally, Virtu Financial LLC acquired a new position in SPI Energy in the 1st quarter valued at $197,000. Hedge funds and other institutional investors own 1.73% of the company’s stock.
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.
See Also
- Five stocks we like better than SPI Energy
- Why is the Ex-Dividend Date Significant to Investors?
- 5 Trends You Need to Know This Quarter
- Breakout Stocks: What They Are and How to Identify Them
- MarketBeat Week in Review – 4/8 – 4/12
- Russell 2000 Index, How Investors Use it For Profitable Trading
- You Can Follow BlackRock’s Market View for Your Money
Receive News & Ratings for SPI Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPI Energy and related companies with MarketBeat.com's FREE daily email newsletter.
