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

SKK Holdings Limited (NASDAQ:SKK) saw a significant increase in short interest in January. As of January 15th, there was short interest totaling 58,923 shares, an increase of 54.0% from the December 31st total of 38,270 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 132,010 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 132,010 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the company’s shares are short sold.

SKK Price Performance

NASDAQ:SKK opened at $0.30 on Friday. The stock has a 50-day simple moving average of $0.31 and a 200 day simple moving average of $0.39. SKK has a 52-week low of $0.25 and a 52-week high of $1.08. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.10.

Analysts Set New Price Targets

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