K-Tech Solutions Company Limited (NASDAQ:KMRK) Short Interest Update

K-Tech Solutions Company Limited (NASDAQ:KMRK) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 39,799 shares, a drop of 44.4% from the July 30th total of 71,596 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 81,584 shares, the days-to-cover ratio is currently 0.5 days.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded K-Tech Solutions from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, August 13th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has an average rating of “Sell”.

K-Tech Solutions Price Performance

NASDAQ:KMRK traded down $0.01 during trading hours on Monday, reaching $1.15. The company’s stock had a trading volume of 37,910 shares, compared to its average volume of 345,116. K-Tech Solutions has a 12 month low of $0.78 and a 12 month high of $6.59. The company has a debt-to-equity ratio of 0.10, a quick ratio of 3.69 and a current ratio of 3.69. The stock has a 50 day moving average price of $1.09 and a two-hundred day moving average price of $1.78.

K-Tech Solutions (NASDAQ:KMRK) last announced its earnings results on Wednesday, August 12th. The company reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $2.63 million for 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.