SKK Holdings Limited (NASDAQ:SKK) Short Interest Update

SKK Holdings Limited (NASDAQ:SKK) was the target of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 53,320 shares, a decrease of 54.0% from the May 31st total of 115,863 shares. Based on an average daily trading volume, of 37,438 shares, the days-to-cover ratio is currently 1.4 days. Approximately 2.2% of the shares of the stock are short sold.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded SKK from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

SKK Price Performance

SKK stock opened at $4.85 on Monday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.20. The company has a 50 day simple moving average of $3.91 and a 200 day simple moving average of $3.23. SKK has a 1 year low of $1.61 and a 1 year high of $17.95.

SKK (NASDAQ:SKK) last issued its earnings results on Friday, April 10th. The company reported $0.62 earnings per share for the quarter. The company had revenue of $3.38 million during the quarter.

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.