K-Tech Solutions Company Limited (NASDAQ:KMRK) Sees Large Decline in Short Interest

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

Analysts Set New Price Targets

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

K-Tech Solutions Trading Down 3.3%

K-Tech Solutions stock traded down $0.04 during mid-day trading on Friday, hitting $1.16. The company had a trading volume of 23,325 shares, compared to its average volume of 62,596. K-Tech Solutions has a 12 month low of $0.78 and a 12 month high of $6.59. The stock’s 50 day moving average price is $1.09 and its two-hundred day moving average price is $1.78. The company has a current ratio of 3.69, a quick ratio of 3.69 and a debt-to-equity ratio of 0.10.

K-Tech Solutions (NASDAQ:KMRK) last issued its quarterly 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.

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.