K-Tech Solutions Company Limited (NASDAQ:KMRK) Stock Short Interest Declines 36.6%

K-Tech Solutions Company Limited (NASDAQ:KMRK) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 8,581 shares, a decrease of 36.6% from the August 31st total of 13,528 shares. Based on an average daily trading volume, of 11,976 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.0% of the company’s stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised K-Tech Solutions from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, August 13th. One analyst has rated the stock with a Sell rating, According to MarketBeat, K-Tech Solutions currently has a consensus rating of “Sell”.

K-Tech Solutions Stock Down 7.2%

Shares of NASDAQ:KMRK traded down $0.09 during midday trading on Thursday, hitting $1.09. 18,034 shares of the company’s stock were exchanged, compared to its average volume of 324,384. The company has a current ratio of 3.69, a quick ratio of 3.69 and a debt-to-equity ratio of 0.10. The stock has a 50 day moving average price of $1.09 and a 200-day moving average price of $1.61. K-Tech Solutions has a 12 month low of $0.78 and a 12 month high of $6.59.

K-Tech Solutions (NASDAQ:KMRK) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $0.02 earnings per share for the quarter. The business 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.