November 16, 2016 - By Ellis Scott · 0 Comments
The stock of SKKYNET CLOUD SYSTEMS INCORPORATED (OTCMKTS:SKKY) registered an increase of 1200% in short interest. SKKY’s total short interest was 1,300 shares in November as published by FINRA. Its up 1200% from 100 shares, reported previously. With 3,100 shares average volume, it will take short sellers 0 days to cover their SKKY’s short positions. The stock closed at $0.9 during the last session. It is down 10.00% since April 19, 2016 and is downtrending. It has underperformed by 14.69% the S&P500.
Skkynet Cloud Systems, Inc. is an industrial middleware company. The company has a market cap of $45.79 million. The Firm provides software and related systems and facilities to collect, process and distribute information over a network. It currently has negative earnings. The Firm is engaged in the industrial processing and financial services.
Skkynet Cloud Systems, Inc. (Skkynet), incorporated on August 31, 2011, is an industrial middleware company. The Firm provides software and related systems and facilities to collect, process and distribute information over a network. The Firm is engaged in the industrial processing and financial services. The Firm operates its businesses through its wholly owned subsidiaries: Cogent Real-Time Systems, Inc. (Cogent), Skkynet, Inc. (Skkynet (USA)), Skkynet Corp. (Skkynet (Canada)) and Nic Corporation (NiC). The Company, through its software, allows its clients to both locally and remotely manage, supervise and control industrial processes and financial information systems. The Firm also allows its clients to analyze, change and control their local and remote systems. Through NiC, Skkynet provides hardware and firmware development for embedded systems. The Company’s concepts and software of its services and products are applicable to various sectors, including fleet tracking, energy usage monitoring and control, including wind power, solar power and agriculture. The Firm operates in three areas of businesses, such as providing real-time data middleware to the industrial automation and financial trading markets; deployment of its services and products through Cloud software-as-a-service (SaaS) products, and application of its services and products to new business lines, such as Embedded Products.
More notable recent Skkynet Cloud Systems Inc (OTCMKTS:SKKY) news were published by: Nasdaq.com which released: “Skkynet and Partners Showcase Secure IoT at ET2016 in Japan” on November 08, 2016, also Globenewswire.com with their article: “Skkynet’s SkkyHub Powers Becker Mining Demo at MINExpo 2016” published on September 26, 2016, Globenewswire.com published: “Skkynet Connectivity to be Showcased by Renesas at ARM TechCon 2016” on October 24, 2016. More interesting news about Skkynet Cloud Systems Inc (OTCMKTS:SKKY) were released by: Globenewswire.com and their article: “Skkynet Technology Featured in IEEE Paper and Presentation” published on July 19, 2016 as well as Globenewswire.com‘s news article titled: “Skkynet to Showcase Complete Industrial IoT Solution for Top Manufacturing …” with publication date: March 30, 2016.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.
By Ellis Scott