Short Interest to Follow: Today Skywest Incorporated (NASDAQ:SKYW) Reported Increase in Shorted Shares

November 16, 2016 - By kentuckypostne   ·   0 Comments

Short Interest to Follow: Today Skywest Incorporated (NASDAQ:SKYW) Reported Increase in Shorted Shares

The stock of Skywest Incorporated (NASDAQ:SKYW) registered an increase of 6.78% in short interest. SKYW’s total short interest was 1.31 million shares in November as published by FINRA. Its up 6.78% from 1.22 million shares, reported previously. With 283,500 shares average volume, it will take short sellers 5 days to cover their SKYW’s short positions. The short interest to Skywest Incorporated’s float is 2.61%. The stock increased 2.44% or $0.85 during the last trading session, hitting $35.75. SkyWest, Inc. (NASDAQ:SKYW) has risen 75.85% since April 14, 2016 and is uptrending. It has outperformed by 71.16% the S&P500.

Skywest, Inc. is a holding company for approximately two scheduled passenger airline activities and an aircraft leasing company. The company has a market cap of $1.90 billion. The Firm operates through two divisions: SkyWest Airlines and ExpressJet. It has a 12.49 P/E ratio. SkyWest Airlines provides regional jet and turboprop service to airports located in the Midwestern and Western United States.

Insitutional Activity: The institutional sentiment decreased to 1.12 in Q2 2016. Its down 0.07, from 1.19 in 2016Q1. The ratio dived, as 21 funds sold all SkyWest, Inc. shares owned while 63 reduced positions. 31 funds bought stakes while 63 increased positions. They now own 42.86 million shares or 9.81% less from 47.52 million shares in 2016Q1.
Moreover, Ameriprise has 0.02% invested in SkyWest, Inc. (NASDAQ:SKYW) for 1.04M shares. Royal Bancorporation Of Canada, a Ontario – Canada-based fund reported 3,491 shares. Jacobs Levy Equity Management Inc has invested 0.11% of its portfolio in SkyWest, Inc. (NASDAQ:SKYW). Credit Suisse Ag holds 70,599 shares or 0% of its portfolio. Moreover, Citadel Advsr Limited Liability Company has 0% invested in SkyWest, Inc. (NASDAQ:SKYW) for 8,634 shares. Cibc accumulated 0.01% or 91,876 shares. National Bank Of America De accumulated 194,493 shares or 0% of the stock. Babson Capital Management Ltd Llc has 0.01% invested in the company for 16,400 shares. Tradewinds Glob Invsts Ltd holds 0.76% of its portfolio in SkyWest, Inc. (NASDAQ:SKYW) for 442,973 shares. Manufacturers Life Ins Co The last reported 32,787 shares in the company. Vident Inv Advisory Ltd Liability accumulated 107,774 shares or 0.4% of the stock. Diam Ltd accumulated 29,539 shares or 0.01% of the stock. Prudential Public Limited has 489,600 shares for 0.05% of their US portfolio. Moreover, Prudential Financial Inc has 0.03% invested in SkyWest, Inc. (NASDAQ:SKYW) for 742,516 shares. Blackrock Gru last reported 0% of its portfolio in the stock.

Insider Transactions: Since May 24, 2016, the stock had 1 insider purchase, and 6 insider sales for $1.83 million net activity. Childs Russell A also sold $619,446 worth of SkyWest, Inc. (NASDAQ:SKYW) shares. Vais Terry sold 9,562 shares worth $239,082. 7,899 shares with value of $225,122 were sold by Thompson Michael B on Wednesday, August 31. On Wednesday, August 10 the insider SIMMONS ROBERT J bought $27,690. $265,380 worth of SkyWest, Inc. (NASDAQ:SKYW) was sold by Steel Wade J. ATKIN JERRY C had sold 13,000 shares worth $310,050 on Tuesday, June 14.

SkyWest, Inc. (NASDAQ:SKYW) Ratings Coverage

Out of 6 analysts covering SkyWest (NASDAQ:SKYW), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. SkyWest has been the topic of 12 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Friday, April 29 by Cowen & Co. As per Friday, July 31, the company rating was maintained by Deutsche Bank. The rating was upgraded by Evercore to “Buy” on Friday, July 31. The firm earned “Outperform” rating on Wednesday, January 6 by Raymond James. The firm earned “Outperform” rating on Wednesday, October 21 by Cowen & Co. Raymond James downgraded the shares of SKYW in a report on Tuesday, October 13 to “Market Perform” rating. Cowen & Co upgraded SkyWest, Inc. (NASDAQ:SKYW) on Friday, September 4 to “Outperform” rating. The stock of SkyWest, Inc. (NASDAQ:SKYW) has “Buy” rating given on Thursday, December 17 by Sidoti. The stock of SkyWest, Inc. (NASDAQ:SKYW) earned “Buy” rating by Deutsche Bank on Friday, October 28. Imperial Capital maintained the stock with “In-Line” rating in Monday, August 3 report.

SKYW Company Profile

Skywest, Inc., incorporated on March 2, 1972, is a holding firm for approximately two scheduled passenger airline activities and an aircraft leasing company. The Firm operates through two divisions: SkyWest Airlines and ExpressJet. The Company, through its subsidiaries, SkyWest Airlines, Inc. (SkyWest Airlines) and ExpressJet Airlines, Inc. (ExpressJet), offers scheduled passenger service with approximately 3,400 daily departures to destinations in the United States, Canada, Mexico and the Caribbean. The Company’s flights are operated as Delta Connection, United Express, US Airways Express, American Eagle or Alaska under code-share arrangements with Delta Air Lines, Inc. (Delta), United Air Lines, Inc. (United), US Airways Group, Inc. (US Airways), American Airlines, Inc. (American) or Alaska Airlines, Inc. (Alaska), respectively.

More notable recent SkyWest, Inc. (NASDAQ:SKYW) news were published by: Prnewswire.com which released: “SkyWest, Inc. Reports Combined October 2016 Traffic for SkyWest Airlines and …” on November 08, 2016, also Fool.com with their article: “Why SkyWest, Inc. Shares Skyrocketed 17.6% in April” published on May 10, 2016, Prnewswire.com published: “SkyWest, Inc. Declares Quarterly Dividend” on November 08, 2016. More interesting news about SkyWest, Inc. (NASDAQ:SKYW) were released by: Fool.com and their article: “Why SkyWest, Inc. Stock Soared 12% in June” published on July 07, 2016 as well as Prnewswire.com‘s news article titled: “SkyWest, Inc. Announces Second Quarter 2016 Profit” with publication date: July 28, 2016.

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