Spi Energy Co Ltd (NASDAQ:SPI) Short Interest Update
Spi Energy Co Ltd (NASDAQ:SPI) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 47,200 shares, a decrease of 7.1% from the June 30th total of 50,800 shares. Based on an average daily trading volume, of 29,500 shares, the days-to-cover ratio is currently 1.6 days. Approximately 1.4% of the company’s shares are sold short.
A hedge fund recently bought a new stake in Spi Energy stock. Citadel Advisors LLC acquired a new stake in shares of Spi Energy Co Ltd (NASDAQ:SPI) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 12,567 shares of the company’s stock, valued at approximately $27,000. Citadel Advisors LLC owned about 0.09% of Spi Energy as of its most recent filing with the SEC. 0.02% of the stock is currently owned by institutional investors.
Separately, ValuEngine raised Spi Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd.
About Spi Energy
SPI Energy Co, Ltd. provides photovoltaic solutions for business, residential, government, and utility customers and investors. It offers engineering, procurement, and construction services to independent power developers and producers, and commercial and industrial companies. The company also develops, owns, and operates solar projects that sell electricity to power companies and other electricity off-takers.
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