Sky Harbour Group Co. (NYSEAMERICAN:SKYH) Sees Large Decline in Short Interest

Sky Harbour Group Co. (NYSEAMERICAN:SKYH) saw a significant decrease in short interest in the month of March. As of March 31st, there was short interest totalling 233,300 shares, a decrease of 34.7% from the March 15th total of 357,500 shares. Based on an average daily trading volume, of 22,700 shares, the days-to-cover ratio is presently 10.3 days.

Sky Harbour Group Stock Up 1.5 %

Sky Harbour Group stock traded up $0.16 during trading hours on Friday, reaching $10.91. 13,074 shares of the stock were exchanged, compared to its average volume of 22,025. The company has a market capitalization of $724.64 million, a price-to-earnings ratio of -10.01 and a beta of 1.76. Sky Harbour Group has a twelve month low of $4.15 and a twelve month high of $13.60.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On Sky Harbour Group

A number of hedge funds have recently made changes to their positions in SKYH. Vanguard Group Inc. boosted its stake in shares of Sky Harbour Group by 935.8% in the 4th quarter. Vanguard Group Inc. now owns 157,362 shares of the company’s stock valued at $1,520,000 after purchasing an additional 142,170 shares in the last quarter. Meixler Investment Management Ltd. boosted its position in Sky Harbour Group by 88.1% during the 3rd quarter. Meixler Investment Management Ltd. now owns 57,125 shares of the company’s stock worth $256,000 after buying an additional 26,748 shares during the period. Northern Trust Corp acquired a new stake in Sky Harbour Group during the 4th quarter worth approximately $148,000. Finally, Caprock Group LLC acquired a new stake in Sky Harbour Group during the 4th quarter worth approximately $126,000. 14.75% of the stock is currently owned by institutional investors and hedge funds.

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.