K-Tech Solutions Company Limited (NASDAQ:KMRK) Sees Large Decrease in Short Interest

K-Tech Solutions Company Limited (NASDAQ:KMRKGet Free Report) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 71,596 shares, a decline of 49.6% from the July 15th total of 142,125 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 73,560 shares, the days-to-cover ratio is presently 1.0 days.

K-Tech Solutions Stock Up 0.8%

KMRK traded up $0.01 during trading on Friday, hitting $1.21. The company’s stock had a trading volume of 36,674 shares, compared to its average volume of 79,439. K-Tech Solutions has a one year low of $0.78 and a one year high of $6.59. The business’s 50 day simple moving average is $1.12 and its 200-day simple moving average is $1.81.

K-Tech Solutions (NASDAQ:KMRKGet Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $2.63 million for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of K-Tech Solutions from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has an average rating of “Sell”.

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About K-Tech Solutions

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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.

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