SkyWest, Inc. (NASDAQ:SKYW) Sees Large Increase in Short Interest
SkyWest, Inc. (NASDAQ:SKYW) was the recipient of a significant increase in short interest in the month of December. As of December 13th, there was short interest totalling 593,600 shares, an increase of 8.0% from the November 28th total of 549,400 shares. Based on an average daily trading volume, of 216,500 shares, the short-interest ratio is currently 2.7 days. Currently, 1.2% of the company’s stock are short sold.
Several hedge funds and other institutional investors have recently bought and sold shares of SKYW. Northern Trust Corp boosted its holdings in SkyWest by 15.0% during the second quarter. Northern Trust Corp now owns 814,355 shares of the transportation company’s stock valued at $49,407,000 after acquiring an additional 106,262 shares during the period. Wells Fargo & Co ...