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

SKK Holdings Limited (NASDAQ:SKK) was the recipient of a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 24,712 shares, a decline of 54.6% from the February 12th total of 54,440 shares. Based on an average daily volume of 100,935 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s stock are short sold. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 100,935 shares, the days-to-cover ratio is currently 0.2 days.

SKK Stock Performance

Shares of SKK opened at $0.27 on Thursday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.10. SKK has a one year low of $0.21 and a one year high of $1.01. The business has a fifty day moving average of $0.30 and a 200 day moving average of $0.34.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of SKK in a report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock 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.