SPI Energy Co., Ltd. (NASDAQ:SPI) Sees Significant Decrease in Short Interest

SPI Energy Co., Ltd. (NASDAQ:SPIGet Rating) saw a significant decline in short interest in July. As of July 15th, there was short interest totalling 415,100 shares, a decline of 16.6% from the June 30th total of 498,000 shares. Based on an average daily volume of 262,500 shares, the short-interest ratio is presently 1.6 days. Currently, 1.8% of the company’s stock are short sold.

SPI Energy Stock Down 2.7 %

Shares of NASDAQ SPI opened at $1.80 on Friday. The stock has a 50 day moving average price of $1.87 and a 200 day moving average price of $2.45. SPI Energy has a 52 week low of $1.51 and a 52 week high of $7.69. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.48 and a quick ratio of 0.33.

SPI Energy (NASDAQ:SPIGet Rating) last issued its quarterly earnings results on Monday, May 16th. The company reported ($0.27) EPS for the quarter. The company had revenue of $38.54 million during the quarter.

Institutional Trading of SPI Energy

A number of hedge funds have recently made changes to their positions in SPI. Jane Street Group LLC increased its stake in shares of SPI Energy by 178.1% during the first quarter. Jane Street Group LLC now owns 149,598 shares of the company’s stock worth $429,000 after purchasing an additional 95,798 shares during the period. Ergoteles LLC bought a new position in SPI Energy during the 1st quarter worth $199,000. Virtu Financial LLC bought a new position in SPI Energy during the 1st quarter worth $197,000. Qube Research & Technologies Ltd bought a new position in SPI Energy during the 1st quarter worth $104,000. Finally, Verition Fund Management LLC bought a new position in SPI Energy during the 1st quarter worth $39,000. 9.23% of the stock is owned by institutional investors and hedge funds.

About SPI Energy

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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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