Skywest Inc (NASDAQ:SKYW) Shorted Shares Increased By 12.69%

July 12, 2018 - By Kyle Williams

Investors sentiment increased to 1.11 in 2018 Q1. Its up 0.29, from 0.82 in 2017Q4. It is positive, as 10 investors sold SkyWest, Inc. shares while 81 reduced holdings. 43 funds opened positions while 58 raised stakes. 46.08 million shares or 0.93% less from 46.52 million shares in 2017Q4 were reported.
Shelton Cap Mgmt holds 0.02% of its portfolio in SkyWest, Inc. (NASDAQ:SKYW) for 4,968 shares. 1.11 million are held by Ameriprise Fincl. Teachers Retirement Systems Of The State Of Kentucky has invested 0.01% in SkyWest, Inc. (NASDAQ:SKYW). Jacobs Levy Equity Mngmt Inc invested 0.03% in SkyWest, Inc. (NASDAQ:SKYW). Farmers & Merchants stated it has 0% in SkyWest, Inc. (NASDAQ:SKYW). Zurcher Kantonalbank (Zurich Cantonalbank) invested 0% in SkyWest, Inc. (NASDAQ:SKYW). Vident Inv Advisory Llc holds 0.17% of its portfolio in SkyWest, Inc. (NASDAQ:SKYW) for 74,490 shares. Michigan-based Ls Ltd Co has invested 0.01% in SkyWest, Inc. (NASDAQ:SKYW). Manufacturers Life The owns 37,410 shares for 0% of their portfolio. Massmutual Tru Fsb Adv holds 0% of its portfolio in SkyWest, Inc. (NASDAQ:SKYW) for 28 shares. Morgan Stanley invested in 0% or 271,064 shares. Employees Retirement Systems Of Texas has 0.04% invested in SkyWest, Inc. (NASDAQ:SKYW) for 52,000 shares. Acadian Asset holds 0% or 5,964 shares. Wells Fargo Com Mn owns 413,933 shares or 0.01% of their US portfolio. Price T Rowe Associate Md invested 0% in SkyWest, Inc. (NASDAQ:SKYW).

Since March 6, 2018, it had 0 insider buys, and 3 sales for $2.78 million activity. Shares for $256,067 were sold by Woodward Eric on Thursday, March 8. Vais Terry sold $324,800 worth of stock or 5,800 shares.

The stock of Skywest Inc (NASDAQ:SKYW) registered an increase of 12.69% in short interest. SKYW’s total short interest was 721,200 shares in July as published by FINRA. Its up 12.69% from 640,000 shares, reported previously. With 220,900 shares average volume, it will take short sellers 3 days to cover their SKYW’s short positions. The short interest to Skywest Inc’s float is 1.43%.

The stock increased 0.47% or $0.25 during the last trading session, reaching $53.85. About 62,516 shares traded. SkyWest, Inc. (NASDAQ:SKYW) has risen 60.74% since July 12, 2017 and is uptrending. It has outperformed by 48.17% the S&P500.

SkyWest, Inc., through its subsidiaries, operates a regional airline in the United States. The company has market cap of $2.80 billion. As of December 31, 2016, it provided scheduled passenger and air freight services with approximately 3,160 total daily departures to various destinations in the United States, Canada, Mexico, and the Caribbean; and had a fleet of 652 aircraft. It has a 6.36 P/E ratio. The firm operates its flights as Delta Connection, United Express, American Eagle, or Alaska under code-share arrangements.

SkyWest, Inc. (NASDAQ:SKYW) Ratings Coverage

Among 3 analysts covering SkyWest (NASDAQ:SKYW), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. SkyWest had 5 analyst reports since January 24, 2018 according to SRatingsIntel. The firm has “Buy” rating by Cowen & Co given on Friday, April 27. The rating was maintained by Raymond James on Wednesday, January 24 with “Buy”. Imperial Capital maintained it with “In-Line” rating and $55 target in Tuesday, February 6 report. Cowen & Co maintained it with “Buy” rating and $62.0 target in Friday, February 2 report.

More important recent SkyWest, Inc. (NASDAQ:SKYW) news were published by: Globenewswire.com which released: “New Research: Key Drivers of Growth for Winnebago Industries, SkyWest, Brightcove, Selective Insurance Group …” on June 20, 2018, also Fool.com published article titled: “United Continental’s Small-City Strategy Is Showing Cracks”, Bizjournals.com published: “SkyWest may start flying from Prescott to Denver, Los Angeles” on July 05, 2018. More interesting news about SkyWest, Inc. (NASDAQ:SKYW) was released by: Seekingalpha.com and their article: “Is Hawaiian Holdings A Better Airline Buy Than American Airlines?” with publication date: July 10, 2018.

SkyWest, Inc. (NASDAQ:SKYW) Institutional Positions Chart

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