Skyline Builders Group Holding Limited (NASDAQ:KAZR) Sees Significant Decline in Short Interest

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

Skyline Builders Group Price Performance

NASDAQ KAZR traded up $0.02 during trading hours on Friday, hitting $1.63. The company’s stock had a trading volume of 49,351 shares, compared to its average volume of 203,196. Skyline Builders Group has a 12 month low of $1.03 and a 12 month high of $4.90. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.99 and a quick ratio of 2.99. The company’s 50 day simple moving average is $2.14 and its two-hundred day simple moving average is $2.84.

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

Analyst Ratings Changes

Separately, Weiss Ratings downgraded shares of Skyline Builders Group from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, October 23rd. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Skyline Builders Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC purchased a new stake in Skyline Builders Group during the first quarter worth $113,000. FNY Investment Advisers LLC purchased a new position in Skyline Builders Group in the second quarter valued at about $112,000. Rathbones Group PLC raised its holdings in 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 purchasing an additional 73,000 shares in the last quarter. Finally, GC Wealth Management RIA LLC purchased a new stake in shares of Skyline Builders Group during the first quarter valued at about $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.