SKK Holdings Limited (NASDAQ:SKK) Short Interest Down 59.0% in April

SKK Holdings Limited (NASDAQ:SKK) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totaling 13,998 shares, a decline of 59.0% from the March 31st total of 34,111 shares. Based on an average trading volume of 86,098 shares, the short-interest ratio is presently 0.2 days. Approximately 0.6% of the company’s stock are sold short.

SKK Stock Performance

Shares of SKK stock opened at $1.66 on Monday. The firm has a fifty day simple moving average of $2.51 and a two-hundred day simple moving average of $3.01. 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 12 month low of $1.61 and a 12 month high of $9.20.

SKK (NASDAQ:SKK) last announced its quarterly earnings results on Friday, April 10th. The company reported $0.62 EPS for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of SKK in a research report on Friday, March 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently 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.