Short Interest in Sky Harbour Group Co. (NYSEAMERICAN:SKYH) Declines By 17.8%

Sky Harbour Group Co. (NYSEAMERICAN:SKYH - Get Free Report) saw a large drop in short interest during 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 shares of the company are short sold. Based on an average daily volume of 23,900 shares, the short-interest ratio is currently 8.0 days.

Sky Harbour Group Price Performance

Sky Harbour Group stock remained flat at $8.97 during midday trading on Friday. 18,066 shares of the company's stock traded hands, compared to its average volume of 26,284. Sky Harbour Group has a 52 week low of $4.15 and a 52 week high of $13.60. The stock has a market cap of $595.79 million, a P/E ratio of -8.23 and a beta of 1.76.

Sky Harbour Group (NYSEAMERICAN:SKYH - Get Free Report) last announced its quarterly earnings data on Wednesday, March 27th. The company reported ($0.61) EPS for the quarter, missing the consensus estimate 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 company had revenue of $2.24 million during the quarter, compared to analyst estimates of $2.33 million. As a group, sell-side analysts anticipate that Sky Harbour Group will post -0.08 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, B. Riley initiated coverage on shares of Sky Harbour Group in a research report on Thursday, January 18th. They set a "buy" rating and a $15.00 price objective on the stock.

Hedge Funds Weigh In On Sky Harbour Group

A hedge fund recently raised its stake in Sky Harbour Group stock. Meixler Investment Management Ltd. raised its holdings in shares of Sky Harbour Group Co. (NYSEAMERICAN:SKYH - Free Report) by 88.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,125 shares of the company's stock after acquiring an additional 26,748 shares during the quarter. Meixler Investment Management Ltd. owned approximately 0.10% of Sky Harbour Group worth $256,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 14.75% of the company's stock.

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.