Short Interest in Skyline Builders Group Holding Limited (NASDAQ:SKBL) Grows By 75.2%

Skyline Builders Group Holding Limited (NASDAQ:SKBL) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 680,484 shares, a growth of 75.2% from the April 30th total of 388,491 shares. Based on an average trading volume of 393,579 shares, the short-interest ratio is currently 1.7 days. Currently, 4.9% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Skyline Builders Group in a research note on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Skyline Builders Group Stock Performance

Shares of SKBL stock traded down $0.03 on Tuesday, hitting $3.25. The stock had a trading volume of 180,100 shares, compared to its average volume of 280,408. Skyline Builders Group has a one year low of $0.42 and a one year high of $13.48. The business has a 50 day moving average price of $3.38 and a 200 day moving average price of $3.13.

Skyline Builders Group (NASDAQ:SKBL) last posted its earnings results on Tuesday, March 31st. The company reported $0.01 EPS for the quarter. The business had revenue of $13.55 million for the quarter.

Hedge Funds Weigh In On Skyline Builders Group

A number of large investors have recently bought and sold shares of the business. Renaissance Technologies LLC purchased a new position in Skyline Builders Group during the 1st quarter worth $113,000. GC Wealth Management RIA LLC acquired a new stake in Skyline Builders Group in the first quarter worth about $1,267,000. PEAK6 LLC acquired a new stake in Skyline Builders Group in the fourth quarter worth about $969,000. GM Advisory Group LLC purchased a new stake in shares of Skyline Builders Group during the fourth quarter worth about $109,000. Finally, Rathbones Group PLC purchased a new stake in shares of Skyline Builders Group during the fourth quarter worth about $363,000.

Skyline Builders Group Company Profile

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.