K-Tech Solutions Company Limited (NASDAQ:KMRK) Sees Significant Decline in Short Interest

K-Tech Solutions Company Limited (NASDAQ:KMRK) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 13,528 shares, a decline of 66.0% from the August 15th total of 39,799 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 34,866 shares, the days-to-cover ratio is currently 0.4 days.

K-Tech Solutions Trading Down 3.6%

NASDAQ KMRK traded down $0.03 during trading on Friday, reaching $0.91. 14,664 shares of the company traded hands, compared to its average volume of 25,765. The company has a quick ratio of 3.69, a current ratio of 3.69 and a debt-to-equity ratio of 0.10. The stock’s 50 day moving average price is $1.11 and its two-hundred day moving average price is $1.72. K-Tech Solutions has a 1-year low of $0.78 and a 1-year high of $6.59.

K-Tech Solutions (NASDAQ:KMRK) last issued its earnings results on Wednesday, August 12th. The company reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $2.63 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of K-Tech Solutions from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has an average rating of “Sell”.

About K-Tech Solutions

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.