Short Interest in SKK Holdings Limited (NASDAQ:SKK) Declines By 36.4%

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

Analysts Set New Price Targets

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

SKK Stock Performance

SKK stock traded down $0.10 during trading hours on Thursday, hitting $4.25. The stock had a trading volume of 20,106 shares, compared to its average volume of 330,696. The business’s 50 day simple moving average is $4.68 and its 200-day simple moving average is $3.92. SKK has a one year low of $1.61 and a one year high of $17.95. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.74 and a quick ratio of 0.74.

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.