Skillsoft Corp. (NYSE:SKIL) Short Interest Up 24.2% in August

Skillsoft Corp. (NYSE:SKIL) was the target of a large increase in short interest during the month of August. As of August 31st, there was short interest totalling 177,600 shares, an increase of 24.2% from the August 15th total of 143,000 shares. Approximately 4.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 69,900 shares, the days-to-cover ratio is currently 2.5 days.

Institutional Trading of Skillsoft

Hedge funds have recently added to or reduced their stakes in the stock. Summit Securities Group LLC acquired a new stake in shares of Skillsoft during the second quarter valued at about $39,000. BNP Paribas Financial Markets bought a new stake in Skillsoft during the 1st quarter worth approximately $192,000. Renaissance Technologies LLC grew its holdings in Skillsoft by 20.5% during the 2nd quarter. Renaissance Technologies LLC now owns 22,909 shares of the company’s stock worth $317,000 after acquiring an additional 3,900 shares during the last quarter. Finally, Paradice Investment Management LLC increased its position in Skillsoft by 7.1% in the 1st quarter. Paradice Investment Management LLC now owns 659,859 shares of the company’s stock valued at $5,939,000 after acquiring an additional 43,791 shares during the period. Institutional investors and hedge funds own 87.00% of the company’s stock.

Skillsoft Price Performance

Shares of SKIL traded down $0.11 during mid-day trading on Tuesday, reaching $13.80. The company had a trading volume of 60,911 shares, compared to its average volume of 56,648. The company has a market capitalization of $112.93 million, a price-to-earnings ratio of -0.33 and a beta of 1.32. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.91 and a current ratio of 0.88. The company’s 50 day simple moving average is $14.25 and its 200 day simple moving average is $11.16. Skillsoft has a 1-year low of $5.09 and a 1-year high of $23.00.

About Skillsoft

Skillsoft Corp. provides content and platform and instructor-led training services in the United States and internationally. The company's Content & Platform segment engages in the sale, marketing, and delivery of its content learning solutions in areas, such as leadership and business, technology and developer, and compliance comprising individualized coaching, as well as technical skill areas.