SKK Holdings Limited (NASDAQ:SKK) Short Interest Update

SKK Holdings Limited (NASDAQ:SKK) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 53,320 shares, a decrease of 54.0% from the May 31st total of 115,863 shares. Approximately 2.2% of the company’s stock are sold short. Based on an average daily volume of 37,438 shares, the short-interest ratio is currently 1.4 days.

Analyst Ratings Changes

Separately, Weiss Ratings raised SKK from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, SKK presently has an average rating of “Sell”.

SKK Stock Down 1.4%

NASDAQ:SKK traded down $0.07 during trading hours on Wednesday, reaching $4.92. 11,824 shares of the company traded hands, compared to its average volume of 404,039. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.20. The business’s 50-day moving average price is $4.03 and its two-hundred day moving average price is $3.25. SKK has a 1 year low of $1.61 and a 1 year high of $17.95.

SKK (NASDAQ:SKK) last released its earnings results on Friday, April 10th. The company reported $0.62 EPS for the quarter. The company had revenue of $3.38 million during the quarter.

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.