Skyline Builders Group Holding Limited (NASDAQ:KAZR) Stock Short Interest Report for October

Skyline Builders Group Holding Limited (NASDAQ:KAZR) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 240,418 shares, a decline of 54.8% from the September 30th total of 531,886 shares. Based on an average daily trading volume, of 145,834 shares, the short-interest ratio is currently 1.6 days. Currently, 1.4% of the shares of the company are sold short.

Skyline Builders Group Trading Up 1.2%

KAZR stock traded up $0.02 during trading hours on Friday, hitting $1.63. 49,351 shares of the stock traded hands, compared to its average volume of 119,794. The stock has a 50-day simple moving average of $2.13 and a 200 day simple moving average of $2.83. Skyline Builders Group has a one year low of $1.03 and a one year high of $4.90. The company has a current ratio of 2.99, a quick ratio of 2.99 and a debt-to-equity ratio of 0.25.

Skyline Builders Group (NASDAQ:KAZR) last released its earnings results on Monday, August 17th. The company reported ($0.10) EPS for the quarter. The company had revenue of $11.50 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings lowered Skyline Builders Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, October 23rd. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Institutional Investors Weigh In On Skyline Builders Group

Institutional investors have recently bought and sold shares of the business. FNY Investment Advisers LLC purchased a new position in shares of Skyline Builders Group during the 2nd quarter valued at $112,000. Renaissance Technologies LLC acquired a new position in shares of Skyline Builders Group in the first quarter worth $113,000. Rathbones Group PLC increased its stake in shares of Skyline Builders Group by 59.2% in the first quarter. Rathbones Group PLC now owns 196,393 shares of the company’s stock worth $607,000 after acquiring an additional 73,000 shares during the last quarter. Finally, GC Wealth Management RIA LLC purchased a new stake in shares of Skyline Builders Group during the first quarter worth $1,267,000.

About Skyline Builders Group

Skyline Builders Group Holding Limited is a construction services company based in Hong Kong. Through its operating subsidiaries, the company provides building construction and related contracting services for property and infrastructure projects.

Its activities include general building works, project execution, renovation, repair, and maintenance services. The company serves clients involved in residential, commercial, and other building projects in Hong Kong.

Publicly available information about Skyline Builders Group Holding Limited’s history and leadership is limited.