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

Skyline Builders Group Holding Limited (NASDAQ:SKBL – Get Free Report) was the recipient of a significant increase in short interest during the month of May. As of May 15th, there was short interest totaling 680,484 shares, an increase of 75.2% from the April 30th total of 388,491 shares. Currently, 4.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 393,579 shares, the short-interest ratio is presently 1.7 days.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Skyline Builders Group in a research report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Skyline Builders Group currently has a consensus rating of “Sell”.

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Hedge Funds Weigh In On Skyline Builders Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC bought a new position in Skyline Builders Group during the 1st quarter worth about $113,000. GC Wealth Management RIA LLC acquired a new position in Skyline Builders Group during the 1st quarter valued at about $1,267,000. PEAK6 LLC acquired a new position in shares of Skyline Builders Group during the fourth quarter valued at about $969,000. GM Advisory Group LLC acquired a new position in Skyline Builders Group during the 4th quarter valued at approximately $109,000. Finally, Rathbones Group PLC purchased a new position in Skyline Builders Group in the 4th quarter worth $363,000.

Skyline Builders Group Trading Up 5.0%

Shares of SKBL traded up $0.16 during midday trading on Thursday, hitting $3.30. The stock had a trading volume of 56,672 shares, compared to its average volume of 212,557. Skyline Builders Group has a 1 year low of $0.42 and a 1 year high of $13.48. The stock’s 50 day moving average is $3.38 and its 200 day moving average is $3.13.

Skyline Builders Group (NASDAQ:SKBL – Get Free Report) last released 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.

About Skyline Builders Group

(Get Free Report)

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.

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