Sky Quarry Inc. (NASDAQ:SKYQ – Get Free Report) was the recipient of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 970,930 shares, a decrease of 59.2% from the April 15th total of 2,376,992 shares. Currently, 27.9% of the shares of the stock are short sold. Based on an average trading volume of 3,068,212 shares, the days-to-cover ratio is presently 0.3 days.
Sky Quarry Stock Performance
Sky Quarry stock opened at $3.07 on Friday. The firm has a market capitalization of $11.54 million, a price-to-earnings ratio of -0.63 and a beta of 4.12. Sky Quarry has a fifty-two week low of $1.66 and a fifty-two week high of $19.45. The stock’s fifty day moving average is $5.03 and its two-hundred day moving average is $3.67.
Sky Quarry (NASDAQ:SKYQ – Get Free Report) last posted its earnings results on Friday, May 15th. The company reported ($0.65) earnings per share for the quarter. The firm had revenue of $0.00 million during the quarter. Sky Quarry had a negative net margin of 97.65% and a negative return on equity of 188.99%.
Institutional Trading of Sky Quarry
Analyst Ratings Changes
SKYQ has been the subject of several research analyst reports. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sky Quarry in a research report on Tuesday, April 21st. Wall Street Zen raised Sky Quarry to a “sell” rating in a report on Saturday, March 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Sky Quarry currently has an average rating of “Sell”.
Read Our Latest Analysis on Sky Quarry
Sky Quarry Company Profile
We are an oil production, refining, and a development-stage environmental remediation company formed to deploy technologies to facilitate the recycling of waste asphalt shingles and remediation of oil-saturated sands and soils. The recycling of asphalt shingles is expected to reduce the dependence on landfills for the removal of waste and to also reduce dependence on foreign and domestic virgin crude oil extraction for industrial uses. We have developed a process for separating oil from oily sands and other oil-bearing solids utilizing a proprietary solvent which we refer to as our ECOSolv technology or the ECOSolv process.
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