Skyline Builders Group Holding Limited (NASDAQ:KAZR – Get Free Report) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 240,418 shares, a decline of 54.8% from the September 30th total of 531,886 shares. Based on an average daily trading volume, of 145,834 shares, the short-interest ratio is presently 1.6 days. Currently, 1.4% of the shares of the company are sold short.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the business. FNY Investment Advisers LLC acquired a new position in Skyline Builders Group in the second quarter valued at $112,000. Rathbones Group PLC boosted its position in shares of Skyline Builders Group by 59.2% in the 1st quarter. Rathbones Group PLC now owns 196,393 shares of the company’s stock valued at $607,000 after purchasing an additional 73,000 shares during the period. Renaissance Technologies LLC purchased a new position in Skyline Builders Group during the 1st quarter worth approximately $113,000. Finally, GC Wealth Management RIA LLC purchased a new position in Skyline Builders Group during the 1st quarter worth approximately $1,267,000.
Wall Street Analyst Weigh In
Separately, Weiss Ratings downgraded shares of Skyline Builders Group from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, October 23rd. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Skyline Builders Group presently has a consensus rating of “Sell”.
View Our Latest Research Report on KAZR
Skyline Builders Group Stock Performance
Shares of NASDAQ:KAZR traded up $0.02 during midday trading on Friday, hitting $1.63. The company had a trading volume of 49,351 shares, compared to its average volume of 203,196. Skyline Builders Group has a twelve month low of $1.03 and a twelve month high of $4.90. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.99 and a quick ratio of 2.99. The business’s 50-day simple moving average is $2.14 and its 200-day simple moving average is $2.84.
Skyline Builders Group (NASDAQ:KAZR – Get Free Report) last posted its quarterly earnings results on Monday, August 17th. The company reported ($0.10) earnings per share for the quarter. The firm had revenue of $11.50 million for the quarter.
Skyline Builders Group Company Profile
Skyline Builders Group Holding Limited is a construction services company based in Hong Kong. Through its operating subsidiaries, the company provides building construction and related contracting services for property and infrastructure projects.
Its activities include general building works, project execution, renovation, repair, and maintenance services. The company serves clients involved in residential, commercial, and other building projects in Hong Kong.
Publicly available information about Skyline Builders Group Holding Limited’s history and leadership is limited.
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