Short Interest in SPI Energy Co., Ltd. (NASDAQ:SPI) Declines By 52.0%

SPI Energy Co., Ltd. (NASDAQ:SPI) was the target of a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 285,100 shares, a decrease of 52.0% from the September 30th total of 593,600 shares. Currently, 1.2% of the shares of the stock are short sold. Based on an average daily volume of 789,400 shares, the days-to-cover ratio is currently 0.4 days.

SPI Energy Stock Performance

Shares of NASDAQ:SPI remained flat at $0.42 during midday trading on Friday. 85,968 shares of the company were exchanged, compared to its average volume of 299,829. The company’s 50 day moving average is $0.43 and its two-hundred day moving average is $0.46. SPI Energy has a 12-month low of $0.27 and a 12-month high of $1.26. The firm has a market capitalization of $13.27 million, a PE ratio of -0.48 and a beta of 0.68.

SPI Energy Company Profile

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.