Jeffrey Gendell, Skyline (NYSEAMERICAN:SKY)’s insider Purchased 48,966 Shares; SOLSTAD FARSTAD ASA ORD (SLOFF) SI Increased By 49.16%

A calculated and judicious move was made by the major shareholder of Skyline Corp, Mr. Jeffrey Gendell, two days ago, when he bought 48,966 shares, totalling $831,711 USD, which is based on a stock price of $17.0 per each share. At the moment, Jeffrey Gendell owns 1.27 million shares which are equivalent to roughly 15.08% of the Company’s market capitalization.

SOLSTAD FARSTAD ASA ORD (OTCMKTS:SLOFF) had an increase of 49.16% in short interest. SLOFF’s SI was 186,300 shares in January as released by FINRA. Its up 49.16% from 124,900 shares previously. With 400 avg volume, 466 days are for SOLSTAD FARSTAD ASA ORD (OTCMKTS:SLOFF)’s short sellers to cover SLOFF’s short positions. It closed at $0.7 lastly. It is down 0.00% since January 9, 2017 and is . It has underperformed by 16.70% the S&P500.

Solstad Farstad ASA operates offshore service and construction vessels for renewable energy at sea and offshore petroleum industry worldwide. The company has market cap of $218.32 million. The firm operates in three divisions: Anchor-Handling Vessels, Platform Supply Vessels, and Construction Service Vessels. It currently has negative earnings. It offers anchor-handling vessels delivering services related to rig moves, and anchoring of rigs and other devices at sea; platform supply vessels that deliver services relating to the transportation of material to offshore installations; and construction service vessels delivering services relating to the development of sub sea and floating installations.

The stock increased 2.55% or $0.56 during the last trading session, reaching $22.56. About 446,993 shares traded or 550.69% up from the average. Skyline Corporation (NYSEAMERICAN:SKY) has declined 38.06% since January 9, 2017 and is downtrending. It has underperformed by 54.76% the S&P500.