Sky Quarry Inc. (NASDAQ:SKYQ) Short Interest Down 37.9% in March

Sky Quarry Inc. (NASDAQ:SKYQ) saw a significant drop in short interest in March. As of March 13th, there was short interest totaling 1,717,336 shares, a drop of 37.9% from the February 26th total of 2,764,552 shares. Based on an average daily volume of 4,734,128 shares, the days-to-cover ratio is presently 0.4 days. Currently, 49.4% of the company’s stock are sold short.

Sky Quarry Trading Up 19.8%

SKYQ traded up $0.40 on Friday, reaching $2.42. The stock had a trading volume of 215,994 shares, compared to its average volume of 428,255. The business’s 50-day moving average price is $2.87 and its two-hundred day moving average price is $3.21. The company has a market cap of $9.08 million, a P/E ratio of -0.50 and a beta of -1.68. Sky Quarry has a 12-month low of $1.66 and a 12-month high of $15.52.

Hedge Funds Weigh In On Sky Quarry

A hedge fund recently bought a new stake in Sky Quarry stock. JPMorgan Chase & Co. acquired a new stake in Sky Quarry Inc. (NASDAQ:SKYQ) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund 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.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SKYQ. Wall Street Zen upgraded shares of Sky Quarry to a “sell” rating in a report on Saturday, March 21st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sky Quarry in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has a consensus 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.