Skyline Co. (NYSEAMERICAN:SKY) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 332,825 shares, an increase of 49.4% from the January 12th total of 222,782 shares. Currently, 4.8% of the company’s shares are sold short. Based on an average daily volume of 82,905 shares, the days-to-cover ratio is presently 4.0 days.
Shares of Skyline (NYSEAMERICAN SKY) traded up $0.18 during mid-day trading on Friday, hitting $21.47. The company’s stock had a trading volume of 96,944 shares, compared to its average volume of 134,441. Skyline has a twelve month low of $5.07 and a twelve month high of $24.99. The stock has a market cap of $182.59, a PE ratio of 42.94 and a beta of 2.27.
In other Skyline news, major shareholder Jeffrey L. Et Al Gendell acquired 40,020 shares of the business’s stock in a transaction on Friday, January 5th. The shares were bought at an average price of $16.87 per share, with a total value of $675,137.40. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Jeffrey L. Et Al Gendell acquired 48,966 shares of the business’s stock in a transaction on Monday, January 8th. The stock was acquired at an average cost of $16.99 per share, for a total transaction of $831,932.34. The disclosure for this purchase can be found here.
Separately, TheStreet upgraded Skyline from a “c” rating to a “b-” rating in a report on Wednesday, January 17th.
COPYRIGHT VIOLATION NOTICE: “Skyline Co. (SKY) Sees Large Growth in Short Interest” was first published by American Banking News and is the property of of American Banking News. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be accessed at https://www.americanbankingnews.com/2018/02/09/skyline-co-sky-sees-large-growth-in-short-interest.html.
Skyline Company Profile
Skyline Corporation designs, produces and markets manufactured housing, modular housing and park models to independent dealers and manufactured housing communities located throughout the United States and Canada. As of May 31, 2016, the Company sold 3,217 manufactured homes, 360 modular homes and 337 park models.
Receive News & Ratings for Skyline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skyline and related companies with MarketBeat.com's FREE daily email newsletter.