K-Tech Solutions Company Limited (NASDAQ:KMRK) Short Interest Down 66.0% in August

K-Tech Solutions Company Limited (NASDAQ:KMRK) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 13,528 shares, a drop of 66.0% from the August 15th total of 39,799 shares. Based on an average daily volume of 34,866 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the shares of the stock are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of K-Tech Solutions from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, K-Tech Solutions has an average rating of “Sell”.

K-Tech Solutions Trading Down 3.6%

Shares of NASDAQ KMRK traded down $0.03 during trading hours on Friday, hitting $0.91. 14,664 shares of the company traded hands, compared to its average volume of 25,765. The company’s 50 day moving average price is $1.11 and its 200 day moving average price is $1.72. K-Tech Solutions has a 12 month low of $0.78 and a 12 month high of $6.59. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.69 and a current ratio of 3.69.

K-Tech Solutions (NASDAQ:KMRK) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $2.63 million during the quarter.

K-Tech Solutions Company Profile

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.