Sky Quarry Inc. (NASDAQ:SKYQ) Stock Short Interest Rises 116.7%

Sky Quarry Inc. (NASDAQ:SKYQ) was the target of a large growth in short interest during the month of September. As of September 15th, there was short interest totaling 742,808 shares, a growth of 116.7% from the August 31st total of 342,750 shares. Currently, 8.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 4,665,474 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded shares of Sky Quarry from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, July 9th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Sky Quarry presently has an average rating of “Sell”.

Sky Quarry Trading Down 3.8%

NASDAQ:SKYQ opened at $2.50 on Wednesday. Sky Quarry has a 12-month low of $1.10 and a 12-month high of $19.45. The firm has a market cap of $22.07 million, a price-to-earnings ratio of -0.92 and a beta of 2.16. The company’s 50-day moving average is $3.19 and its two-hundred day moving average is $3.63.

Sky Quarry (NASDAQ:SKYQ) last issued its quarterly earnings results on Thursday, August 13th. The company reported ($0.77) EPS for the quarter. Sky Quarry had a negative return on equity of 232.60% and a negative net margin of 97.65%.

Sky Quarry Company Profile

Sky Quarry, Inc is a waste-to-value company focused on converting difficult-to-recycle materials into usable energy and industrial products. Its business centers on processing waste asphalt shingles and other hydrocarbon-based materials that might otherwise be sent to landfills.

The company is developing and commercializing proprietary recycling and refining technologies intended to recover valuable hydrocarbons from these waste streams. Its targeted outputs include liquid fuels, asphalt-related products and other materials that can be used in industrial and infrastructure applications.

Sky Quarry’s operations are primarily focused in the United States, although publicly available information about its geographic footprint, commercial scale and leadership team is limited.