SKK Holdings Limited (NASDAQ:SKK) Short Interest Down 41.7% in July

SKK Holdings Limited (NASDAQ:SKK) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 24,389 shares, a decline of 41.7% from the July 15th total of 41,821 shares. Based on an average daily volume of 15,318 shares, the short-interest ratio is presently 1.6 days. Approximately 1.0% of the shares of the company are sold short.

SKK Stock Performance

Shares of NASDAQ SKK opened at $4.30 on Monday. 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 current ratio of 0.74 and a quick ratio of 0.74. The stock’s 50 day simple moving average is $4.74 and its 200 day simple moving average is $3.64.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of SKK in a report on Friday, July 31st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company 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.