Short Interest in Skillsoft Corp. (NYSE:SKIL) Rises By 48.8%

by · The Markets Daily

Skillsoft Corp. (NYSE:SKIL – Get Free Report) saw a significant increase in short interest during the month of December. As of December 15th, there was short interest totaling 770,819 shares, an increase of 48.8% from the November 30th total of 518,147 shares. Currently, 10.4% of the company’s shares are sold short. Based on an average trading volume of 224,199 shares, the days-to-cover ratio is presently 3.4 days. Based on an average trading volume of 224,199 shares, the days-to-cover ratio is presently 3.4 days. Currently, 10.4% of the company’s shares are sold short.

Institutional Trading of Skillsoft

A number of institutional investors have recently modified their holdings of the business. Goldman Sachs Group Inc. increased its position in Skillsoft by 122.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 150,254 shares of the company’s stock worth $2,891,000 after purchasing an additional 82,860 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Skillsoft in the 1st quarter valued at about $1,411,000. AREX Capital Management LP increased its position in Skillsoft by 16.8% during the 1st quarter. AREX Capital Management LP now owns 398,960 shares of the company’s stock worth $7,676,000 after purchasing an additional 57,239 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Skillsoft by 114.6% during the 2nd quarter. Geode Capital Management LLC now owns 102,715 shares of the company’s stock valued at $1,641,000 after acquiring an additional 54,853 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its position in Skillsoft by 286.0% during the 1st quarter. Acadian Asset Management LLC now owns 40,374 shares of the company’s stock worth $774,000 after purchasing an additional 29,914 shares during the period. 87.00% of the stock is currently owned by hedge funds and other institutional investors.

Skillsoft Stock Performance

NYSE SKIL traded up $0.68 during trading on Wednesday, reaching $8.91. The company’s stock had a trading volume of 130,335 shares, compared to its average volume of 79,883. Skillsoft has a twelve month low of $4.65 and a twelve month high of $34.42. The firm has a market cap of $78.05 million, a price-to-earnings ratio of -0.56, a P/E/G ratio of 0.30 and a beta of 1.73. The business’s fifty day moving average price is $9.99 and its 200-day moving average price is $13.11. The company has a debt-to-equity ratio of 142.97, a quick ratio of 0.84 and a current ratio of 0.84.

Skillsoft (NYSE:SKIL – Get Free Report) last posted its quarterly earnings data on Wednesday, December 10th. The company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.26 by $0.39. Skillsoft had a positive return on equity of 40.31% and a negative net margin of 26.02%.The firm had revenue of $129.00 million during the quarter, compared to the consensus estimate of $131.60 million. As a group, analysts anticipate that Skillsoft will post -11.31 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on SKIL shares. Zacks Research raised Skillsoft from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, December 24th. Wall Street Zen downgraded shares of Skillsoft from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Skillsoft in a research report on Monday. One analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Skillsoft presently has a consensus rating of “Moderate Buy”.

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Skillsoft Company Profile

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Skillsoft (NYSE: SKIL) is a leading provider of corporate digital learning solutions designed to help organizations develop skills and drive performance. The company offers a range of cloud-based learning platforms and content libraries that cover technical training, leadership development, compliance, and productivity applications. Skillsoft’s flagship platform, Percipio, delivers micro-learning modules, video tutorials, books and audiobooks, hands-on labs and simulations, and practice assessments within a unified interface that can be accessed on desktop or mobile devices.

Skillsoft’s content spans IT certification preparation, software development, cloud computing, cybersecurity, project management, and a variety of professional skills such as communication, management and sales.

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