Skyline Builders Group Holding Limited (NASDAQ:SKBL) Sees Large Increase in Short Interest

Skyline Builders Group Holding Limited (NASDAQ:SKBL) was the target of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 596,123 shares, a growth of 51.0% from the January 29th total of 394,877 shares. Approximately 4.3% of the shares of the company are short sold. Based on an average trading volume of 173,784 shares, the days-to-cover ratio is presently 3.4 days. Based on an average trading volume of 173,784 shares, the days-to-cover ratio is presently 3.4 days. Approximately 4.3% of the shares of the company are short sold.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Skyline Builders Group in a research note on Friday, January 9th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Investors Weigh In On Skyline Builders Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sage Advisors LLC purchased a new stake in Skyline Builders Group during the third quarter valued at about $49,000. Prelude Capital Management LLC bought a new stake in shares of Skyline Builders Group in the third quarter valued at approximately $91,000. GM Advisory Group LLC bought a new stake in shares of Skyline Builders Group in the fourth quarter valued at approximately $109,000. Southport Management L.L.C. purchased a new stake in shares of Skyline Builders Group during the 3rd quarter valued at approximately $131,000. Finally, Jump Financial LLC bought a new position in Skyline Builders Group in the 2nd quarter worth approximately $281,000.

Skyline Builders Group Trading Down 2.7%

Skyline Builders Group stock opened at $3.20 on Friday. The business’s 50 day simple moving average is $3.17 and its 200 day simple moving average is $2.74. Skyline Builders Group has a 12 month low of $0.42 and a 12 month high of $14.25.

About Skyline Builders Group

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.