K-Tech Solutions Company Limited (NASDAQ:KMRK) Short Interest Up 6,342.9% in June

K-Tech Solutions Company Limited (NASDAQ:KMRK) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 280,654 shares, an increase of 6,342.9% from the May 31st total of 4,356 shares. Based on an average daily volume of 2,107,200 shares, the short-interest ratio is presently 0.1 days. Currently, 1.4% of the shares of the company are sold short.

K-Tech Solutions Stock Down 16.5%

KMRK opened at $0.86 on Friday. K-Tech Solutions has a 12 month low of $0.78 and a 12 month high of $6.59. The company has a 50 day moving average of $2.24 and a 200 day moving average of $1.87.

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

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.