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

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Sky Harbour Group stock. Meixler Investment Management Ltd. raised its holdings in Sky Harbour Group Co. (NYSEAMERICAN:SKYH) by 88.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,125 shares of the company’s stock after purchasing an additional 26,748 shares during the period. Meixler Investment Management Ltd. owned approximately 0.10% of Sky Harbour Group worth $256,000 at the end of the most recent quarter. Institutional investors and hedge funds own 14.75% of the company’s stock.

Sky Harbour Group Stock Performance

Shares of SKYH stock remained flat at $8.97 on Friday. The stock had a trading volume of 18,066 shares, compared to its average volume of 26,284. The company has a market capitalization of $595.79 million, a P/E ratio of -8.23 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 issued its earnings results on Wednesday, March 27th. The company reported ($0.61) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.08) by ($0.53). The firm had revenue of $2.24 million during the quarter, compared to analyst estimates of $2.33 million. Sky Harbour Group had a negative net margin of 213.57% and a negative return on equity of 16.19%. On average, analysts predict that Sky Harbour Group will post -0.08 EPS for the current year.

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.