K-Tech Solutions Company Limited (NASDAQ:KMRK) Stock Short Interest Declines 36.6%

K-Tech Solutions Company Limited (NASDAQ:KMRK) was the target of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totaling 8,581 shares, a decrease of 36.6% from the August 31st total of 13,528 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 11,976 shares, the days-to-cover ratio is presently 0.7 days.

K-Tech Solutions Trading Down 7.2%

Shares of KMRK stock traded down $0.09 during trading hours on Thursday, hitting $1.09. 18,034 shares of the company were exchanged, compared to its average volume of 324,384. K-Tech Solutions has a fifty-two week low of $0.78 and a fifty-two week 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 company has a 50 day simple moving average of $1.09 and a two-hundred day simple moving average of $1.61.

K-Tech Solutions (NASDAQ:KMRK) last released 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.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised K-Tech Solutions from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus 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.