K-Tech Solutions Company Limited (NASDAQ:KMRK) Short Interest Down 49.6% in July

K-Tech Solutions Company Limited (NASDAQ:KMRK) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 71,596 shares, a decline of 49.6% from the July 15th total of 142,125 shares. Currently, 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 73,560 shares, the days-to-cover ratio is presently 1.0 days.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of K-Tech Solutions from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

K-Tech Solutions Stock Performance

K-Tech Solutions stock traded down $0.03 during trading on Tuesday, hitting $1.18. The company’s stock had a trading volume of 70,301 shares, compared to its average volume of 363,215. The stock’s fifty day moving average is $1.11 and its 200 day moving average is $1.81. K-Tech Solutions has a 1-year low of $0.78 and a 1-year high of $6.59. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.69 and a current ratio of 3.69.

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 business had revenue of $2.63 million during the quarter.

K-Tech Solutions Company Profile

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.