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

Skyline Builders Group Holding Limited (NASDAQ:SKBL) saw a large decrease in short interest during the month of January. As of January 15th, there was short interest totaling 332,552 shares, a decrease of 23.3% from the December 31st total of 433,418 shares. Currently, 2.4% of the shares of the stock are sold short. Based on an average trading volume of 155,569 shares, the short-interest ratio is currently 2.1 days. Based on an average trading volume of 155,569 shares, the short-interest ratio is currently 2.1 days. Currently, 2.4% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Sage Advisors LLC acquired a new position in shares of Skyline Builders Group during the third quarter worth about $49,000. Prelude Capital Management LLC purchased a new stake in shares of Skyline Builders Group during the third quarter valued at $91,000. Southport Management L.L.C. bought a new position in Skyline Builders Group during the third quarter valued at approximately $131,000. Jump Financial LLC acquired a new position in shares of Skyline Builders Group during the second quarter valued at about $281,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Skyline Builders Group during the third quarter worth approximately $322,000.

Analyst Ratings Changes

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

Skyline Builders Group Trading Up 0.3%

Shares of SKBL stock traded up $0.01 during trading on Friday, hitting $2.88. The company had a trading volume of 150,702 shares, compared to its average volume of 137,090. The stock’s 50-day moving average price is $3.01 and its 200 day moving average price is $2.45. Skyline Builders Group has a one year low of $0.42 and a one year high of $14.25.

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.