SkyAI, Inc. Common Stock (NASDAQ:SKYA) Short Interest Update

SkyAI, Inc. Common Stock (NASDAQ:SKYA) was the recipient of a significant growth in short interest in the month of July. As of July 15th, there was short interest totaling 1,014,055 shares, a growth of 112.5% from the June 30th total of 477,230 shares. Based on an average trading volume of 132,493 shares, the days-to-cover ratio is presently 7.7 days. Currently, 3.0% of the company’s shares are sold short.

SkyAI, Inc. Common Stock Trading Down 2.1%

NASDAQ SKYA traded down $0.03 during trading on Wednesday, hitting $1.37. The company had a trading volume of 79,736 shares, compared to its average volume of 429,526. SkyAI, Inc. Common Stock has a one year low of $0.91 and a one year high of $18.23. The company has a market cap of $57.98 million, a price-to-earnings ratio of -0.84 and a beta of 2.10. The company’s fifty day moving average is $1.28 and its 200-day moving average is $1.66.

SkyAI, Inc. Common Stock (NASDAQ:SKYA) last posted its earnings results on Thursday, May 14th. The company reported ($1.19) EPS for the quarter. The firm had revenue of $0.19 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in SKYA. Bank of America Corp DE raised its position in shares of SkyAI, Inc. Common Stock by 98,825.0% in the 3rd quarter. Bank of America Corp DE now owns 7,914 shares of the company’s stock worth $52,000 after acquiring an additional 7,906 shares in the last quarter. Aristides Capital LLC bought a new stake in shares of SkyAI, Inc. Common Stock during the fourth quarter valued at approximately $25,000. Price T Rowe Associates Inc. MD purchased a new stake in SkyAI, Inc. Common Stock in the fourth quarter worth $43,000. T3 Companies LLC purchased a new stake in SkyAI, Inc. Common Stock in the fourth quarter worth $68,000. Finally, Cannell & Spears LLC purchased a new stake in SkyAI, Inc. Common Stock in the first quarter worth $141,000. Hedge funds and other institutional investors own 17.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of SkyAI, Inc. Common Stock in a report on Friday, July 17th. Wall Street Zen lowered SkyAI, Inc. Common Stock from a “hold” rating to a “sell” rating in a research report on Monday, May 18th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

About SkyAI, Inc. Common Stock

Sharps Technology (NASDAQ:STSS) is an insurtech company specializing in technology-enabled subrogation recovery services for property and casualty insurers. The company’s flagship platform combines process automation, data analytics and digital workflow tools to help carriers and third-party administrators identify, manage and recover funds from liable third parties. By streamlining the subrogation lifecycle—from claim intake through recovery—Sharps delivers greater transparency, faster turnaround times and improved recovery rates for its clients.

Since its initial public offering in late 2021, Sharps Technology has focused on expanding its presence across the United States.