Skyline Builders Group Holding Limited (NASDAQ:SKBL) Short Interest Update

Skyline Builders Group Holding Limited (NASDAQ:SKBL) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 680,484 shares, an increase of 75.2% from the April 30th total of 388,491 shares. Currently, 4.9% of the shares of the stock are short sold. Based on an average daily volume of 393,579 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Investors Weigh In On Skyline Builders Group

Institutional investors have recently modified their holdings of the stock. GC Wealth Management RIA LLC bought a new stake in shares of Skyline Builders Group during the first quarter worth $1,267,000. PEAK6 LLC bought a new position in shares of Skyline Builders Group in the fourth quarter worth about $969,000. Daytona Street Capital LLC purchased a new position in Skyline Builders Group in the 4th quarter worth about $483,000. Rathbones Group PLC purchased a new position in Skyline Builders Group in the 4th quarter worth about $363,000. Finally, FNY Investment Advisers LLC bought a new stake in Skyline Builders Group during the 3rd quarter valued at about $322,000.

Skyline Builders Group Stock Down 0.9%

Shares of SKBL traded down $0.03 during midday trading on Tuesday, hitting $3.25. 180,100 shares of the company traded hands, compared to its average volume of 280,408. The firm has a 50 day moving average of $3.38 and a 200-day moving average of $3.13. Skyline Builders Group has a 52 week low of $0.42 and a 52 week high of $13.48.

Skyline Builders Group (NASDAQ:SKBL) last released its quarterly earnings results on Tuesday, March 31st. The company reported $0.01 earnings per share (EPS) for the quarter. The business had revenue of $13.55 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Skyline Builders Group in a research report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Skyline Builders Group has an average rating of “Sell”.

About Skyline Builders Group

Skyline Builders Group Holding Ltd. operates as an exempted limited liability company. It operates business through its subsidiary, Kin Chiu Engineering Limited, which provides construction activities include public civil engineering works, such as road and drainage works in Hong Kong. The company was founded on June 25, 2024 and is headquartered in Hong Kong.