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

SPI Energy Co., Ltd. (NASDAQ:SPI) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 1,050,000 shares, a growth of 64.8% from the December 15th total of 637,100 shares. Based on an average daily trading volume, of 4,590,000 shares, the days-to-cover ratio is currently 0.2 days. Currently, 4.5% of the shares of the company are sold short.

SPI Energy Stock Performance

NASDAQ SPI traded down $0.09 during trading hours on Thursday, reaching $0.77. 44,409,278 shares of the company were exchanged, compared to its average volume of 10,684,398. SPI Energy has a 1 year low of $0.27 and a 1 year high of $1.75. The business’s 50 day simple moving average is $0.41 and its 200-day simple moving average is $0.41.

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.