Sky Quarry Inc. (NASDAQ:SKYQ – Get Free Report) saw a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 472,348 shares, a decline of 41.9% from the July 30th total of 812,853 shares. Based on an average trading volume of 1,699,332 shares, the days-to-cover ratio is presently 0.3 days. Currently, 5.6% of the shares of the stock are sold short.
Sky Quarry Trading Up 2.1%
SKYQ traded up $0.06 during midday trading on Tuesday, hitting $2.73. The company’s stock had a trading volume of 669,187 shares, compared to its average volume of 7,310,449. The firm has a market cap of $24.08 million, a P/E ratio of -1.00 and a beta of 2.34. The firm has a 50-day moving average price of $3.38 and a two-hundred day moving average price of $3.67. Sky Quarry has a 52-week low of $1.10 and a 52-week high of $19.45.
Sky Quarry (NASDAQ:SKYQ – Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.77) EPS for the quarter. Sky Quarry had a negative net margin of 97.65% and a negative return on equity of 232.60%.
Wall Street Analyst Weigh In
Read Our Latest Research Report on Sky Quarry
Institutional Trading of Sky Quarry
A hedge fund recently bought a new position in Sky Quarry stock. JPMorgan Chase & Co. acquired a new position in Sky Quarry Inc. (NASDAQ:SKYQ – Free Report) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 2,249,882 shares of the company’s stock, valued at approximately $1,387,000. JPMorgan Chase & Co. owned approximately 10.51% of Sky Quarry at the end of the most recent reporting period.
About Sky Quarry
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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