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.

Shares of SPI traded up $0.25 during midday trading on Thursday, hitting $1.95. 1,600 shares of the company’s stock traded hands, compared to its average volume of 272,852. Spi Energy has a 1 year low of $0.61 and a 1 year high of $7.32. The firm’s fifty day moving average is $2.08 and its 200-day moving average is $2.91. The company has a debt-to-equity ratio of 286.77, a quick ratio of 0.37 and a current ratio of 0.44.

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.

Featured Story: How do buyers and sellers choose a strike price?

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.