Sky Harbour Group Co. (NYSEAMERICAN:SKYH) Short Interest Update

Sky Harbour Group Co. (NYSEAMERICAN:SKYH) was the recipient of a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 191,800 shares, a decline of 17.8% from the March 31st total of 233,300 shares. Based on an average daily volume of 23,900 shares, the days-to-cover ratio is presently 8.0 days. Approximately 1.8% of the shares of the company are short sold.

Institutional Trading of Sky Harbour Group

An institutional investor recently bought a new position in Sky Harbour Group stock. Caprock Group LLC acquired a new stake in Sky Harbour Group Co. (NYSEAMERICAN:SKYH) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,000 shares of the company’s stock, valued at approximately $126,000. Institutional investors and hedge funds own 14.75% of the company’s stock.

Analysts Set New Price Targets

Separately, B. Riley began coverage on Sky Harbour Group in a report on Thursday, January 18th. They issued a “buy” rating and a $15.00 price objective on the stock.

Sky Harbour Group Stock Performance

SKYH remained flat at $8.97 on Friday. 18,066 shares of the company’s stock traded hands, compared to its average volume of 26,284. Sky Harbour Group has a 52 week low of $4.15 and a 52 week high of $13.60. The firm has a market cap of $595.79 million, a PE ratio of -8.23 and a beta of 1.76.

Sky Harbour Group (NYSEAMERICAN:SKYH) last announced its quarterly earnings data on Wednesday, March 27th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.53). Sky Harbour Group had a negative net margin of 213.57% and a negative return on equity of 16.19%. The business had revenue of $2.24 million for the quarter, compared to analysts’ expectations of $2.33 million. On average, sell-side analysts predict that Sky Harbour Group will post -0.08 EPS for the current year.

About Sky Harbour Group

Sky Harbour Group Corporation operates as an aviation infrastructure development company in the United States. It develops, leases, and manages general aviation hangars for business aircraft. The company was incorporated in 2017 and is based in White Plains, New York.