SKK Holdings Limited (NASDAQ:SKK) Short Interest Update

SKK Holdings Limited (NASDAQ:SKK) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 38,270 shares, an increase of 1,160.5% from the December 15th total of 3,036 shares. Based on an average daily trading volume, of 167,031 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s stock are sold short. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 167,031 shares, the days-to-cover ratio is currently 0.2 days.

SKK Stock Down 0.1%

SKK traded down $0.00 during midday trading on Wednesday, hitting $0.34. 11,089 shares of the company were exchanged, compared to its average volume of 133,173. The company’s 50 day simple moving average is $0.31 and its 200 day simple moving average is $0.42. SKK has a 1-year low of $0.25 and a 1-year high of $1.19. The company has a debt-to-equity ratio of 1.10, a current ratio of 0.76 and a quick ratio of 0.76.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d)” rating on shares of SKK in a report on Monday, December 29th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, SKK presently has an average 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.