Sky Quarry Inc. (NASDAQ:SKYQ) Short Interest Update

Sky Quarry Inc. (NASDAQ:SKYQ) saw a large decrease in short interest during the month of March. As of March 13th, there was short interest totaling 1,717,336 shares, a decrease of 37.9% from the February 26th total of 2,764,552 shares. Currently, 49.4% of the shares of the company are short sold. Based on an average daily trading volume, of 4,734,128 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On Sky Quarry

An institutional investor recently bought a new position in Sky Quarry stock. JPMorgan Chase & Co. purchased a new position in shares of Sky Quarry Inc. (NASDAQ:SKYQ) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,249,882 shares of the company’s stock, valued at approximately $1,387,000. JPMorgan Chase & Co. owned approximately 10.51% of Sky Quarry at the end of the most recent reporting period.

Sky Quarry Stock Down 8.2%

Shares of NASDAQ SKYQ opened at $2.02 on Friday. The stock has a market capitalization of $7.56 million, a price-to-earnings ratio of -0.41 and a beta of -1.68. Sky Quarry has a 52 week low of $1.66 and a 52 week high of $15.52. The firm has a 50-day moving average price of $2.88 and a 200 day moving average price of $3.24.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sky Quarry in a report on Thursday, January 22nd. Wall Street Zen raised shares of Sky Quarry to a “sell” rating in a report on Saturday, March 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Sky Quarry currently has a consensus rating of “Sell”.

Sky Quarry Company Profile

We are an oil production, refining, and a development-stage environmental remediation company formed to deploy technologies to facilitate the recycling of waste asphalt shingles and remediation of oil-saturated sands and soils. The recycling of asphalt shingles is expected to reduce the dependence on landfills for the removal of waste and to also reduce dependence on foreign and domestic virgin crude oil extraction for industrial uses. We have developed a process for separating oil from oily sands and other oil-bearing solids utilizing a proprietary solvent which we refer to as our ECOSolv technology or the ECOSolv process.