Skillsoft Corp. (NYSE:SKIL) Short Interest Update

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

Skillsoft Stock Down 0.8 %

NYSE SKIL traded down $0.11 during trading on Tuesday, hitting $13.80. The company’s stock had a trading volume of 60,911 shares, compared to its average volume of 56,648. Skillsoft has a fifty-two week low of $5.09 and a fifty-two week high of $23.00. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.88 and a quick ratio of 0.91. The company has a market cap of $112.93 million, a PE ratio of -0.33 and a beta of 1.32. The business’s 50 day simple moving average is $14.25 and its 200-day simple moving average is $11.16.

Institutional Trading of Skillsoft

A number of institutional investors have recently bought and sold shares of SKIL. Summit Securities Group LLC acquired a new stake in shares of Skillsoft during the second quarter worth about $39,000. BNP Paribas Financial Markets purchased a new stake in shares of Skillsoft in the 1st quarter valued at $192,000. Renaissance Technologies LLC boosted its holdings in shares of Skillsoft by 20.5% in the 2nd quarter. Renaissance Technologies LLC now owns 22,909 shares of the company’s stock valued at $317,000 after acquiring an additional 3,900 shares during the last quarter. Finally, Paradice Investment Management LLC increased its stake in shares of Skillsoft by 7.1% in the first quarter. Paradice Investment Management LLC now owns 659,859 shares of the company’s stock worth $5,939,000 after acquiring an additional 43,791 shares during the period. 87.00% of the stock is currently owned by institutional investors and hedge funds.

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.