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

SKK Holdings Limited (NASDAQ:SKK) was the target of a significant decline in short interest in August. As of August 31st, there was short interest totaling 17,140 shares, a decline of 36.4% from the August 15th total of 26,957 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average daily volume of 723,553 shares, the short-interest ratio is currently 0.0 days.

SKK Trading Up 2.8%

Shares of SKK stock opened at $4.22 on Friday. The business’s fifty day simple moving average is $4.66 and its 200-day simple moving average is $3.93. SKK has a 52 week low of $1.61 and a 52 week high of $17.95. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.20.

Analysts Set New Price Targets

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

About SKK

SKK Holdings Limited is a Singapore-based construction company that provides building and related construction services. The company serves clients involved in residential, commercial and industrial development projects.

Its activities include general construction and project execution services, with work spanning the construction and development of buildings and associated infrastructure. SKK Holdings operates primarily in Singapore and participates in the country’s construction and property development sectors.

Publicly available information about the company’s history, management team and specific operating subsidiaries is limited.