Short Interest in K-Tech Solutions Company Limited (NASDAQ:KMRK) Drops By 36.3%

K-Tech Solutions Company Limited (NASDAQ:KMRK) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 178,806 shares, a decrease of 36.3% from the June 15th total of 280,654 shares. Currently, 0.9% of the shares of the company are sold short. Based on an average trading volume of 2,395,162 shares, the short-interest ratio is currently 0.1 days.

K-Tech Solutions Stock Down 2.7%

Shares of K-Tech Solutions stock opened at $1.07 on Friday. The business’s fifty day moving average price is $1.55 and its two-hundred day moving average price is $1.85. K-Tech Solutions has a 1-year low of $0.78 and a 1-year high of $6.59.

K-Tech Solutions (NASDAQ:KMRK) last released its quarterly earnings results on Thursday, April 16th. The company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $5.44 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of K-Tech Solutions in a research report on Monday, June 29th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average 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.