SKK Holdings Limited (NASDAQ:SKK) Sees Significant Growth in Short Interest

SKK Holdings Limited (NASDAQ:SKK) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totaling 38,270 shares, an increase of 1,160.5% from the December 15th total of 3,036 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 167,031 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 167,031 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are short sold.

SKK Trading Down 2.1%

SKK traded down $0.01 during midday trading on Monday, reaching $0.34. The company had a trading volume of 27,593 shares, compared to its average volume of 168,585. SKK has a 12-month low of $0.25 and a 12-month high of $1.19. The business has a 50-day moving average price of $0.31 and a two-hundred day moving average price of $0.42. 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 report on Monday, December 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus 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.