SKK Holdings Limited (NASDAQ:SKK) Short Interest Update

SKK Holdings Limited (NASDAQ:SKK) was the recipient of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 3,036 shares, a decrease of 84.7% from the November 30th total of 19,838 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 45,633 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 45,633 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short.

SKK Trading Up 3.2%

Shares of NASDAQ:SKK traded up $0.01 on Wednesday, reaching $0.28. 28,875 shares of the company traded hands, compared to its average volume of 320,686. The business’s 50-day simple moving average is $0.33 and its 200 day simple moving average is $0.45. SKK has a 52 week low of $0.25 and a 52 week high of $2.57. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.10.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of SKK in a research note on Monday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company 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.