SKK Holdings Limited (NASDAQ:SKK) Short Interest Down 54.0% in June

SKK Holdings Limited (NASDAQ:SKK) was the recipient of a large decrease in short interest during the month of June. As of June 15th, there was short interest totaling 53,320 shares, a decrease of 54.0% from the May 31st total of 115,863 shares. Approximately 2.2% of the shares of the stock are sold short. Based on an average trading volume of 37,438 shares, the days-to-cover ratio is presently 1.4 days.

SKK Price Performance

Shares of SKK stock traded up $0.09 during midday trading on Tuesday, hitting $4.99. The company had a trading volume of 22,629 shares, compared to its average volume of 407,232. SKK has a 12-month low of $1.61 and a 12-month high of $17.95. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.74 and a current ratio of 0.74. The company has a fifty day simple moving average of $4.03 and a 200 day simple moving average of $3.25.

SKK (NASDAQ:SKK) last released its quarterly earnings data on Friday, April 10th. The company reported $0.62 EPS for the quarter. The business had revenue of $3.38 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of SKK from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, 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. It serves government authorities, utility companies, or contractors.