Skyline Builders Group Holding Limited (NASDAQ:SKBL) Short Interest Down 49.0% in February

Skyline Builders Group Holding Limited (NASDAQ:SKBL) was the target of a large drop in short interest in the month of February. As of February 27th, there was short interest totaling 304,053 shares, a drop of 49.0% from the February 12th total of 596,123 shares. Approximately 2.2% of the shares of the company are sold short. Based on an average daily volume of 161,189 shares, the days-to-cover ratio is currently 1.9 days. Based on an average daily volume of 161,189 shares, the days-to-cover ratio is currently 1.9 days. Approximately 2.2% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated 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, the company presently has a consensus rating of “Sell”.

Institutional Trading of Skyline Builders Group

Institutional investors and hedge funds have recently made changes to their positions in the business. PEAK6 LLC acquired a new position in shares of Skyline Builders Group during the 4th quarter worth approximately $969,000. Daytona Street Capital LLC purchased a new stake in Skyline Builders Group in the 4th quarter worth $483,000. Rathbones Group PLC acquired a new position in Skyline Builders Group during the fourth quarter worth $363,000. Quadrature Capital Ltd acquired a new position in Skyline Builders Group during the second quarter worth $1,258,000. Finally, FNY Investment Advisers LLC purchased a new position in Skyline Builders Group during the third quarter valued at $322,000.

Skyline Builders Group Price Performance

Shares of Skyline Builders Group stock traded down $0.01 on Friday, hitting $3.08. The company’s stock had a trading volume of 27,582 shares, compared to its average volume of 157,823. Skyline Builders Group has a 1 year low of $0.42 and a 1 year high of $14.25. The firm has a fifty day moving average price of $3.19 and a 200-day moving average price of $2.88.

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.