Short Interest in SKK Holdings Limited (NASDAQ:SKK) Drops By 36.4%

SKK Holdings Limited (NASDAQ:SKK) saw a significant decrease in short interest in August. As of August 31st, there was short interest totaling 17,140 shares, a decrease of 36.4% from the August 15th total of 26,957 shares. Based on an average daily volume of 723,553 shares, the short-interest ratio is presently 0.0 days. Approximately 0.8% of the shares of the stock are sold short.

SKK Price Performance

NASDAQ SKK traded up $0.15 during mid-day trading on Friday, reaching $4.26. 2,433 shares of the company’s stock traded hands, compared to its average volume of 328,914. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.74 and a quick ratio of 0.74. SKK has a 1-year low of $1.61 and a 1-year high of $17.95. The company has a fifty day simple moving average of $4.67 and a 200-day simple moving average of $3.93.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of SKK in a research report on Friday, July 31st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently 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.