K-Tech Solutions Company Limited (NASDAQ:KMRK) Sees Significant Decline in Short Interest

K-Tech Solutions Company Limited (NASDAQ:KMRK) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 13,528 shares, a decline of 66.0% from the August 15th total of 39,799 shares. Based on an average daily trading volume, of 34,866 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.1% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of K-Tech Solutions from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, August 13th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of “Sell”.

K-Tech Solutions Stock Down 3.6%

Shares of NASDAQ KMRK traded down $0.03 during mid-day trading on Friday, hitting $0.91. The company had a trading volume of 14,664 shares, compared to its average volume of 25,765. K-Tech Solutions has a 12 month low of $0.78 and a 12 month high of $6.59. The business’s 50-day simple moving average is $1.11 and its 200-day simple moving average is $1.72. The company has a quick ratio of 3.69, a current ratio of 3.69 and a debt-to-equity ratio of 0.10.

K-Tech Solutions (NASDAQ:KMRK) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $2.63 million for the quarter.

About K-Tech Solutions

We are principally engaged in the design, development, testing and sale of a diverse portfolio of toy products ranging from simple plastic toy products to more complex electromechanical toy products. Our solution services span across the entire development stage of toy products from design, prototype testing, production management, quality control to after-sales services. We specialize in the development of infant and pre-school educational toys and learning kits. We started our operation in 2016 and have developed relationships with our customers mainly located in European and North American countries which possess renowned brands and intellectual properties in toy products.