Skyline Builders Group Holding Limited (NASDAQ:SKBL) Short Interest Up 51.0% in February

Skyline Builders Group Holding Limited (NASDAQ:SKBL) was the target of a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 596,123 shares, an increase of 51.0% from the January 29th total of 394,877 shares. Based on an average daily trading volume, of 173,784 shares, the short-interest ratio is presently 3.4 days. Approximately 4.3% of the shares of the company are short sold. Approximately 4.3% of the shares of the company are short sold. Based on an average daily trading volume, of 173,784 shares, the short-interest ratio is presently 3.4 days.

Institutional Investors Weigh In On Skyline Builders Group

Several large investors have recently modified their holdings of SKBL. PEAK6 LLC acquired a new position in shares of Skyline Builders Group in the 4th quarter worth $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 acquired a new stake in Skyline Builders Group during the 4th quarter worth about $363,000. Quadrature Capital Ltd acquired a new stake in Skyline Builders Group during the 2nd quarter worth about $1,258,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of Skyline Builders Group in the third quarter worth about $322,000.

Skyline Builders Group Price Performance

NASDAQ:SKBL traded down $0.08 during midday trading on Monday, hitting $3.12. 16,018 shares of the stock were exchanged, compared to its average volume of 156,348. The business has a 50-day moving average price of $3.17 and a two-hundred day moving average price of $2.75. Skyline Builders Group has a one year low of $0.42 and a one year high of $14.25.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Skyline Builders Group in a research note on Friday, January 9th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Skyline Builders Group currently has a consensus 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.