Short Interest in SKK Holdings Limited (NASDAQ:SKK) Declines By 21.7%

SKK Holdings Limited (NASDAQ:SKK) saw a significant drop in short interest in January. As of January 30th, there was short interest totaling 46,146 shares, a drop of 21.7% from the January 15th total of 58,923 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average trading volume of 47,155 shares, the days-to-cover ratio is currently 1.0 days. Based on an average trading volume of 47,155 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.2% of the company’s stock are sold short.

SKK Stock Performance

Shares of SKK stock traded up $0.00 on Friday, hitting $0.30. 21,042 shares of the company’s stock traded hands, compared to its average volume of 64,913. SKK has a 52-week low of $0.25 and a 52-week high of $1.08. The company has a debt-to-equity ratio of 1.10, a quick ratio of 0.76 and a current ratio of 0.76. The firm’s 50-day moving average is $0.31 and its 200 day moving average is $0.37.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of SKK in a research note on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, SKK has a consensus rating of “Sell”.

SKK Company Profile

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.