Short Interest in SKK Holdings Limited (NASDAQ:SKK) Rises By 183.3%

SKK Holdings Limited (NASDAQ:SKK) was the recipient of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 39,652 shares, an increase of 183.3% from the April 15th total of 13,998 shares. Based on an average trading volume of 196,075 shares, the short-interest ratio is currently 0.2 days. Currently, 1.6% of the company’s shares are sold short.

SKK Stock Performance

SKK stock opened at $3.39 on Friday. The stock has a 50-day moving average price of $2.78 and a two-hundred day moving average price of $3.01. SKK has a 1 year low of $1.61 and a 1 year high of $17.95. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.20.

SKK (NASDAQ:SKK) last released its earnings results on Friday, April 10th. The company reported $0.62 earnings per share for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded SKK from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, May 4th. One 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.