SKK Holdings Limited (NASDAQ:SKK) Sees Large Increase in Short Interest

SKK Holdings Limited (NASDAQ:SKK) was the recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 34,111 shares, an increase of 3,260.7% from the March 15th total of 1,015 shares. Based on an average daily volume of 374,317 shares, the days-to-cover ratio is currently 0.1 days. Approximately 1.4% of the shares of the company are short sold.

SKK Stock Down 3.2%

Shares of NASDAQ:SKK traded down $0.08 during midday trading on Friday, hitting $2.40. The stock had a trading volume of 18,594 shares, compared to its average volume of 20,870. The stock has a 50 day moving average price of $2.71 and a two-hundred day moving average price of $3.19. SKK has a 1 year low of $1.70 and a 1 year high of $9.20.

SKK (NASDAQ:SKK) last released its quarterly earnings data on Friday, April 10th. The company reported $0.62 earnings per share (EPS) for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of SKK in a research report on Friday, March 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

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.