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

SKK Holdings Limited (NASDAQ:SKK) was the target of a significant decline in short interest in the month of June. As of June 15th, there was short interest totaling 53,320 shares, a decline of 54.0% from the May 31st total of 115,863 shares. Currently, 2.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 37,438 shares, the short-interest ratio is presently 1.4 days.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded SKK from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

SKK Price Performance

SKK stock opened at $4.85 on Monday. The company’s 50-day moving average price is $3.91 and its two-hundred day moving average price is $3.23. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.74 and a quick ratio of 0.74. SKK has a 12 month low of $1.61 and a 12 month high of $17.95.

SKK (NASDAQ:SKK) last issued its quarterly earnings results on Friday, April 10th. The company reported $0.62 earnings per share for the quarter. The firm had revenue of $3.38 million for the quarter.

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.