Short Interest in K-Tech Solutions Company Limited (NASDAQ:KMRK) Drops By 36.3%

K-Tech Solutions Company Limited (NASDAQ:KMRK) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 178,806 shares, a drop of 36.3% from the June 15th total of 280,654 shares. Based on an average daily volume of 2,395,162 shares, the short-interest ratio is presently 0.1 days. Currently, 0.9% of the shares of the company are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of K-Tech Solutions in a report on Monday, June 29th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

K-Tech Solutions Price Performance

Shares of NASDAQ:KMRK traded down $0.04 during trading on Friday, hitting $1.06. 41,187 shares of the stock traded hands, compared to its average volume of 409,664. K-Tech Solutions has a 52-week low of $0.78 and a 52-week high of $6.59. The company has a fifty day moving average price of $1.58 and a two-hundred day moving average price of $1.86.

K-Tech Solutions (NASDAQ:KMRK) last announced its quarterly earnings results on Thursday, April 16th. The company reported ($0.01) earnings per share for the quarter. The company had revenue of $5.44 million during the quarter.

About K-Tech Solutions

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.