Short Interest in K-Tech Solutions Company Limited (NASDAQ:KMRK) Decreases By 36.3%

K-Tech Solutions Company Limited (NASDAQ:KMRK) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 178,806 shares, a drop of 36.3% from the June 15th total of 280,654 shares. Based on an average daily trading volume, of 2,395,162 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.9% of the company’s shares are sold short.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of K-Tech Solutions in a report on Monday, June 29th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

K-Tech Solutions Stock Down 2.7%

Shares of K-Tech Solutions stock traded down $0.03 on Friday, hitting $1.07. The stock had a trading volume of 81,468 shares, compared to its average volume of 1,196,604. K-Tech Solutions has a one year low of $0.78 and a one year high of $6.59. The stock’s 50-day simple moving average is $1.55 and its two-hundred day simple moving average is $1.85.

K-Tech Solutions (NASDAQ:KMRK) last issued its earnings results on Thursday, April 16th. The company reported ($0.01) EPS for the quarter. The company had revenue of $5.44 million for the quarter.

K-Tech Solutions Company Profile

We are principally engaged in the design, development, testing and sale of a diverse portfolio of toy products ranging from simple plastic toy products to more complex electromechanical toy products. Our solution services span across the entire development stage of toy products from design, prototype testing, production management, quality control to after-sales services. We specialize in the development of infant and pre-school educational toys and learning kits. We started our operation in 2016 and have developed relationships with our customers mainly located in European and North American countries which possess renowned brands and intellectual properties in toy products.