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 sold short. Based on an average daily volume of 23,900 shares, the days-to-cover ratio is currently 8.0 days.

Sky Harbour Group Stock Performance

Shares of NYSEAMERICAN SKYH traded up $0.24 during mid-day trading on Monday, reaching $9.21. 9,914 shares of the company traded hands, compared to its average volume of 23,728. The firm has a market cap of $611.73 million, a price-to-earnings ratio of -8.45 and a beta of 1.76. Sky Harbour Group has a fifty-two week low of $4.15 and a fifty-two week high of $13.60.

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

Institutional Trading of Sky Harbour Group

A hedge fund recently bought a new stake in Sky Harbour Group stock. Caprock Group LLC bought a new position in shares of Sky Harbour Group Co. (NYSEAMERICAN:SKYH) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 13,000 shares of the company’s stock, valued at approximately $126,000. Institutional investors and hedge funds own 14.75% of the company’s stock.

Analyst Upgrades and Downgrades

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

About Sky Harbour Group

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.