Skyline Builders Group Holding Limited (NASDAQ:KAZR) Sees Significant Drop in Short Interest

Skyline Builders Group Holding Limited (NASDAQ:KAZR) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 240,418 shares, a decrease of 54.8% from the September 30th total of 531,886 shares. Based on an average daily trading volume, of 145,834 shares, the days-to-cover ratio is presently 1.6 days. Currently, 1.4% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings lowered Skyline Builders Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, October 23rd. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Skyline Builders Group currently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. FNY Investment Advisers LLC purchased a new stake in shares of Skyline Builders Group in the second quarter valued at $112,000. Rathbones Group PLC grew its holdings in shares of Skyline Builders Group by 59.2% during the first quarter. Rathbones Group PLC now owns 196,393 shares of the company’s stock valued at $607,000 after buying an additional 73,000 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Skyline Builders Group during the first quarter valued at $113,000. Finally, GC Wealth Management RIA LLC acquired a new stake in Skyline Builders Group during the 1st quarter worth about $1,267,000.

Skyline Builders Group Price Performance

NASDAQ KAZR traded up $0.02 during trading hours on Friday, reaching $1.63. The company’s stock had a trading volume of 49,351 shares, compared to its average volume of 119,794. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.99 and a current ratio of 2.99. The business has a 50-day simple moving average of $2.13 and a 200 day simple moving average of $2.83. Skyline Builders Group has a 52 week low of $1.03 and a 52 week high of $4.90.

Skyline Builders Group (NASDAQ:KAZR) last issued its earnings results on Monday, August 17th. The company reported ($0.10) earnings per share for the quarter. The business had revenue of $11.50 million during the quarter.

Skyline Builders Group Company Profile

Skyline Builders Group Holding Limited is a construction services company based in Hong Kong. Through its operating subsidiaries, the company provides building construction and related contracting services for property and infrastructure projects.

Its activities include general building works, project execution, renovation, repair, and maintenance services. The company serves clients involved in residential, commercial, and other building projects in Hong Kong.

Publicly available information about Skyline Builders Group Holding Limited’s history and leadership is limited.