SKK Holdings Limited (NASDAQ:SKK) Sees Significant Growth in Short Interest

SKK Holdings Limited (NASDAQ:SKK) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 169,400 shares, a growth of 245.0% from the August 31st total of 49,100 shares. Based on an average daily trading volume, of 388,600 shares, the days-to-cover ratio is presently 0.4 days. Approximately 3.0% of the company’s stock are short sold. Approximately 3.0% of the company’s stock are short sold. Based on an average daily trading volume, of 388,600 shares, the days-to-cover ratio is presently 0.4 days.

SKK Stock Performance

Shares of NASDAQ SKK opened at $0.40 on Friday. SKK has a 1-year low of $0.38 and a 1-year high of $11.45. The business has a fifty day moving average price of $0.44 and a 200 day moving average price of $0.61.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of SKK in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Sell”.

About SKK

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.