Skyline Builders Group Holding Limited (NASDAQ:SKBL) Short Interest Down 49.0% in February

Skyline Builders Group Holding Limited (NASDAQ:SKBL) was the target of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 304,053 shares, a decline of 49.0% from the February 12th total of 596,123 shares. Based on an average daily trading volume, of 161,189 shares, the short-interest ratio is presently 1.9 days. Approximately 2.2% of the company’s shares are short sold. Approximately 2.2% of the company’s shares are short sold. Based on an average daily trading volume, of 161,189 shares, the short-interest ratio is presently 1.9 days.

Skyline Builders Group Stock Down 6.4%

SKBL stock opened at $2.93 on Thursday. Skyline Builders Group has a 12 month low of $0.42 and a 12 month high of $14.25. The firm’s 50-day moving average is $3.18 and its 200 day moving average is $2.88.

Hedge Funds Weigh In On Skyline Builders Group

A number of institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. bought a new stake in shares of Skyline Builders Group during the second quarter valued at approximately $574,000. Quadrature Capital Ltd purchased a new position in Skyline Builders Group during the 2nd quarter worth $1,258,000. Jump Financial LLC bought a new stake in Skyline Builders Group during the 2nd quarter valued at $281,000. BNP Paribas Financial Markets purchased a new stake in shares of Skyline Builders Group in the 2nd quarter worth $727,000. Finally, Sage Advisors LLC bought a new position in shares of Skyline Builders Group during the 3rd quarter worth $49,000.

Analyst Ratings Changes

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

Skyline Builders Group Company Profile

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.