K-Tech Solutions Company Limited (NASDAQ:KMRK) Shares Shorted: Short Interest Down 36.6% in September

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

Wall Street Analysts Forecast Growth

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

K-Tech Solutions Stock Up 7.0%

KMRK stock opened at $1.15 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.69 and a quick ratio of 3.69. The business has a 50 day simple moving average of $1.10 and a 200-day simple moving average of $1.60. K-Tech Solutions has a twelve month low of $0.78 and a twelve month high of $6.59.

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

K-Tech Solutions Company Profile

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.