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

SkyAI, Inc. Common Stock (NASDAQ:SKYA) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 477,230 shares, a decline of 34.7% from the June 15th total of 731,128 shares. Based on an average daily volume of 482,048 shares, the days-to-cover ratio is presently 1.0 days. Approximately 1.4% of the shares of the company are sold short.

SkyAI, Inc. Common Stock Stock Down 2.5%

SKYA opened at $1.16 on Friday. The stock has a market capitalization of $49.09 million, a price-to-earnings ratio of -0.71 and a beta of 2.10. SkyAI, Inc. Common Stock has a twelve month low of $0.91 and a twelve month high of $18.23. The company has a 50-day simple moving average of $1.36 and a 200 day simple moving average of $1.70.

SkyAI, Inc. Common Stock (NASDAQ:SKYA) last issued 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.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Wall Street Zen lowered shares of SkyAI, Inc. Common Stock from a “hold” rating to a “sell” rating in a research report on Monday, May 18th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of SkyAI, Inc. Common Stock in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, SkyAI, Inc. Common Stock presently has an average rating of “Sell”.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Arrington Capital Management LLC bought a new stake in shares of SkyAI, Inc. Common Stock during the 4th quarter worth $1,874,000. T3 Companies LLC bought a new position in shares of SkyAI, Inc. Common Stock during the fourth quarter valued at $68,000. Saba Capital Management L.P. bought a new position in SkyAI, Inc. Common Stock during the 4th quarter worth $412,000. HBK Investments L P bought a new position in shares of SkyAI, Inc. Common Stock during the fourth quarter worth about $1,448,000. Finally, Price T Rowe Associates Inc. MD bought a new position in SkyAI, Inc. Common Stock during the 4th quarter worth approximately $43,000. 17.17% of the stock is currently owned by institutional investors and hedge funds.

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.