Short Interest in SKK Holdings Limited (NASDAQ:SKK) Decreases By 41.7%

SKK Holdings Limited (NASDAQ:SKK) was the target of a significant decline in short interest in July. As of July 31st, there was short interest totaling 24,389 shares, a decline of 41.7% from the July 15th total of 41,821 shares. Based on an average trading volume of 15,318 shares, the days-to-cover ratio is presently 1.6 days. Currently, 1.0% of the company’s stock are sold short.

SKK Price Performance

NASDAQ SKK opened at $4.30 on Monday. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.20. SKK has a 12 month low of $1.61 and a 12 month high of $17.95. The company’s fifty day moving average price is $4.74 and its two-hundred day moving average price is $3.64.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of SKK in a research note on Friday, July 31st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, SKK has an average 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.