Sky Harbour Group Co. (NYSEAMERICAN:SKYH) Short Interest Down 17.8% in April

Sky Harbour Group Co. (NYSEAMERICAN:SKYH) was the target of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 191,800 shares, a drop of 17.8% from the March 31st total of 233,300 shares. Currently, 1.8% of the company’s shares are short sold. Based on an average daily trading volume, of 23,900 shares, the days-to-cover ratio is currently 8.0 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Sky Harbour Group stock. Caprock Group LLC acquired a new stake in shares of Sky Harbour Group Co. (NYSEAMERICAN:SKYH) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 13,000 shares of the company’s stock, valued at approximately $126,000. 14.75% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, B. Riley started coverage on Sky Harbour Group in a research note on Thursday, January 18th. They issued a “buy” rating and a $15.00 target price for the company.

Sky Harbour Group Stock Up 2.7 %

Shares of SKYH traded up $0.24 on Monday, reaching $9.21. The stock had a trading volume of 9,914 shares, compared to its average volume of 23,728. The stock has a market cap of $611.73 million, a PE ratio of -8.45 and a beta of 1.76. Sky Harbour Group has a 12-month low of $4.15 and a 12-month high of $13.60.

Sky Harbour Group (NYSEAMERICAN:SKYH) last released its earnings results on Wednesday, March 27th. The company reported ($0.61) EPS for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.53). The firm had revenue of $2.24 million during the quarter, compared to analysts’ expectations of $2.33 million. Sky Harbour Group had a negative net margin of 213.57% and a negative return on equity of 16.19%. Equities analysts anticipate that Sky Harbour Group will post -0.08 EPS for the current year.

Sky Harbour Group Company Profile

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 was incorporated in 2017 and is based in White Plains, New York.