Short Interest in SKK Holdings Limited (NASDAQ:SKK) Drops By 84.7%

SKK Holdings Limited (NASDAQ:SKK) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 3,036 shares, a drop of 84.7% from the November 30th total of 19,838 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 45,633 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 45,633 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

SKK Stock Performance

SKK stock opened at $0.28 on Thursday. SKK has a 12 month low of $0.25 and a 12 month high of $2.57. The firm’s 50-day moving average is $0.33 and its 200 day moving average is $0.45. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.10.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of SKK in a research note on Monday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus 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.