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 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. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 81,584 shares, the short-interest ratio is presently 0.5 days.

K-Tech Solutions Trading Down 3.5%

Shares of KMRK traded down $0.04 during trading hours on Tuesday, hitting $1.11. The company had a trading volume of 15,460 shares, compared to its average volume of 343,148. K-Tech Solutions has a 52-week low of $0.78 and a 52-week high of $6.59. The company has a quick ratio of 3.69, a current ratio of 3.69 and a debt-to-equity ratio of 0.10. The stock’s 50 day moving average price is $1.09 and its 200 day moving average price is $1.77.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised 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, K-Tech Solutions currently has an average rating of “Sell”.

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.