Sky Harbour Group Co. (NYSEAMERICAN:SKYH) Short Interest Up 43.1% in March

Sky Harbour Group Co. (NYSEAMERICAN:SKYH) was the target of a large growth in short interest in the month of March. As of March 31st, there was short interest totalling 1,960,000 shares, a growth of 43.1% from the March 15th total of 1,370,000 shares. Currently, 9.4% of the company’s stock are sold short. Based on an average trading volume of 135,800 shares, the days-to-cover ratio is presently 14.4 days.

Hedge Funds Weigh In On Sky Harbour Group

Several hedge funds have recently modified their holdings of SKYH. AYAL Capital Advisors Ltd acquired a new position in shares of Sky Harbour Group in the fourth quarter valued at about $5,992,000. Lawson Kroeker Investment Management Inc. NE boosted its holdings in shares of Sky Harbour Group by 121.8% in the 4th quarter. Lawson Kroeker Investment Management Inc. NE now owns 374,781 shares of the company’s stock valued at $4,471,000 after acquiring an additional 205,788 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Sky Harbour Group by 20.1% in the fourth quarter. Geode Capital Management LLC now owns 301,909 shares of the company’s stock worth $3,602,000 after acquiring an additional 50,444 shares during the period. Meixler Investment Management Ltd. lifted its position in Sky Harbour Group by 60.1% during the fourth quarter. Meixler Investment Management Ltd. now owns 157,930 shares of the company’s stock valued at $1,884,000 after purchasing an additional 59,284 shares during the period. Finally, State Street Corp boosted its holdings in Sky Harbour Group by 1.1% in the third quarter. State Street Corp now owns 125,483 shares of the company’s stock valued at $1,385,000 after purchasing an additional 1,406 shares during the last quarter. Institutional investors and hedge funds own 14.75% of the company’s stock.

Sky Harbour Group Price Performance

Shares of SKYH stock opened at $11.35 on Friday. The stock’s fifty day moving average price is $11.35 and its 200 day moving average price is $11.41. Sky Harbour Group has a 1-year low of $8.26 and a 1-year high of $14.52. The company has a market cap of $858.17 million, a price-to-earnings ratio of -5.48 and a beta of 1.74.

Analyst Upgrades and Downgrades

Separately, B. Riley raised shares of Sky Harbour Group to a “strong-buy” rating in a research report on Tuesday, January 7th.

About Sky Harbour Group

Sky Harbour Group Corporation operates as an aviation infrastructure development company in the United States. It develops, leases, and manages general aviation hangars for business aircraft. The company is based in White Plains, New York.