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

SKK Holdings Limited (NASDAQ:SKK) saw a large decrease in short interest during the month of 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 days-to-cover ratio is currently 0.0 days. Currently, 0.8% of the company’s shares are short sold.

SKK Price Performance

Shares of NASDAQ:SKK traded down $0.10 during mid-day trading on Thursday, hitting $4.25. The company had a trading volume of 20,106 shares, compared to its average volume of 330,696. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.74 and a current ratio of 0.74. SKK has a one year low of $1.61 and a one year high of $17.95. The firm has a fifty day moving average price of $4.68 and a 200 day moving average price of $3.92.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of SKK in a report on Friday, July 31st. One analyst has rated the stock with a Sell rating, According to MarketBeat, SKK has an average 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.