SKK Holdings Limited (NASDAQ:SKK) Sees Significant Increase in Short Interest

SKK Holdings Limited (NASDAQ:SKK) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 58,923 shares, an increase of 54.0% from the December 31st total of 38,270 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 132,010 shares, the short-interest ratio is presently 0.4 days. Based on an average daily volume of 132,010 shares, the short-interest ratio is presently 0.4 days. Currently, 0.3% of the company’s stock are short sold.

SKK Trading Down 4.7%

Shares of SKK opened at $0.30 on Friday. The firm has a 50-day moving average of $0.31 and a 200-day moving average of $0.39. SKK has a one year low of $0.25 and a one year high of $1.08. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.76 and a quick ratio of 0.76.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of SKK in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, SKK currently has a consensus rating of “Sell”.

About SKK

SKK Holdings Limited, through its subsidiaries, provides civil engineering services in Singapore. It undertakes subsurface utility works, such as power and telecommunication cable laying works, water pipeline works, and sewer rehabilitation works. The company also offers gas pipeline and sewer construction works; and underground piping, underground utility infrastructure construction and maintenance, horizontal directional drilling, and plumbing and sanitary works. It serves government authorities, utility companies, or contractors.