SKK Holdings Limited (NASDAQ:SKK) Short Interest Update

SKK Holdings Limited (NASDAQ:SKK) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 38,270 shares, a growth of 1,160.5% from the December 15th total of 3,036 shares. Based on an average daily volume of 167,031 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 167,031 shares, the days-to-cover ratio is currently 0.2 days.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of SKK in a report on Monday, December 29th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

SKK Stock Performance

NASDAQ SKK opened at $0.34 on Tuesday. The business’s 50 day moving average is $0.31 and its two-hundred day moving average is $0.42. SKK has a 12-month low of $0.25 and a 12-month high of $1.19. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 1.10.

About SKK

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.