Skyline Builders Group Holding Limited (NASDAQ:SKBL) Short Interest Up 75.2% in May

Skyline Builders Group Holding Limited (NASDAQ:SKBL) saw a large growth in short interest in May. As of May 15th, there was short interest totaling 680,484 shares, a growth of 75.2% from the April 30th total of 388,491 shares. Based on an average daily trading volume, of 393,579 shares, the short-interest ratio is presently 1.7 days. Currently, 4.9% of the company’s stock are sold short.

Institutional Trading of Skyline Builders Group

Several institutional investors and hedge funds have recently bought and sold shares of SKBL. Jump Financial LLC acquired a new stake in shares of Skyline Builders Group in the second quarter worth $281,000. Prelude Capital Management LLC acquired a new position in Skyline Builders Group during the third quarter valued at $91,000. Renaissance Technologies LLC purchased a new stake in Skyline Builders Group in the first quarter valued at $113,000. GM Advisory Group LLC acquired a new stake in Skyline Builders Group during the 4th quarter worth about $109,000. Finally, Southport Management L.L.C. purchased a new position in shares of Skyline Builders Group during the 3rd quarter valued at about $131,000.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Skyline Builders Group in a research note on Friday, May 1st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Skyline Builders Group has an average rating of “Sell”.

Skyline Builders Group Stock Performance

SKBL stock traded down $0.09 during midday trading on Wednesday, reaching $3.15. The stock had a trading volume of 161,925 shares, compared to its average volume of 213,678. The firm has a fifty day simple moving average of $3.38 and a two-hundred day simple moving average of $3.13. Skyline Builders Group has a 52-week low of $0.42 and a 52-week high of $13.48.

Skyline Builders Group (NASDAQ:SKBL) last posted its quarterly earnings results on Tuesday, March 31st. The company reported $0.01 earnings per share for the quarter. The firm had revenue of $13.55 million for the quarter.

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.