SKK Holdings Limited (NASDAQ:SKK) Short Interest Update

SKK Holdings Limited (NASDAQ:SKK) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 71,600 shares, a decrease of 57.7% from the September 15th total of 169,400 shares. Currently, 1.3% of the company’s shares are sold short. Based on an average daily trading volume, of 464,300 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 464,300 shares, the short-interest ratio is presently 0.2 days. Currently, 1.3% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of SKK in a report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

SKK Trading Down 0.7%

Shares of SKK opened at $0.35 on Friday. SKK has a 12-month low of $0.33 and a 12-month high of $11.45. The business’s fifty day moving average is $0.42 and its 200 day moving average is $0.58.

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.