Sky Quarry Inc. (NASDAQ:SKYQ) Short Interest Up 32.8% in January

Sky Quarry Inc. (NASDAQ:SKYQ) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 3,245,022 shares, a growth of 32.8% from the December 31st total of 2,443,957 shares. Approximately 14.1% of the shares of the stock are sold short. Based on an average trading volume of 33,414,232 shares, the days-to-cover ratio is presently 0.1 days. Based on an average trading volume of 33,414,232 shares, the days-to-cover ratio is presently 0.1 days. Approximately 14.1% of the shares of the stock are sold short.

Sky Quarry Stock Performance

SKYQ stock traded down $0.03 during mid-day trading on Tuesday, reaching $0.27. 534,342 shares of the stock traded hands, compared to its average volume of 15,892,383. Sky Quarry has a one year low of $0.21 and a one year high of $1.94. The stock has a market capitalization of $6.66 million, a PE ratio of -0.44 and a beta of -0.85. The business has a 50-day moving average price of $0.36 and a two-hundred day moving average price of $0.45.

Sky Quarry (NASDAQ:SKYQ) last released its quarterly earnings results on Friday, November 14th. The company reported ($0.17) EPS for the quarter. Sky Quarry had a negative return on equity of 176.10% and a negative net margin of 82.54%.The firm had revenue of $1.34 million for the quarter.

Insider Buying and Selling at Sky Quarry

In related news, CEO David Sealock sold 100,000 shares of the business’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of $0.35, for a total value of $35,000.00. Following the sale, the chief executive officer owned 415,572 shares in the company, valued at approximately $145,450.20. The trade was a 19.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold 158,467 shares of company stock valued at $58,591 over the last ninety days. Company insiders own 7.20% of the company’s stock.

Institutional Trading of Sky Quarry

An institutional investor recently bought a new position in Sky Quarry stock. JPMorgan Chase & Co. bought a new stake in shares of Sky Quarry Inc. (NASDAQ:SKYQ) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,249,882 shares of the company’s stock, valued at approximately $1,387,000. JPMorgan Chase & Co. owned 10.51% of Sky Quarry at the end of the most recent quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Sky Quarry in a report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

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.