SKK Holdings Limited (NASDAQ:SKK) Sees Large Decrease in Short Interest

SKK Holdings Limited (NASDAQ:SKK) was the target of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 1,015 shares, a drop of 95.9% from the February 26th total of 24,712 shares. Based on an average daily volume of 54,453 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 54,453 shares, the days-to-cover ratio is currently 0.0 days.

SKK Stock Down 3.3%

SKK traded down $0.01 during trading on Tuesday, hitting $0.28. The stock had a trading volume of 39,521 shares, compared to its average volume of 146,818. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.76 and a current ratio of 0.76. The company has a 50 day moving average price of $0.29 and a 200-day moving average price of $0.33. SKK has a one year low of $0.21 and a one year high of $0.99.

Analyst Upgrades and Downgrades

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

SKK Company Profile

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.