Short Interest in SKK Holdings Limited (NASDAQ:SKK) Increases By 87.4%

SKK Holdings Limited (NASDAQ:SKK) was the recipient of a significant increase in short interest in the month of May. As of May 29th, there was short interest totaling 115,863 shares, an increase of 87.4% from the May 14th total of 61,842 shares. Currently, 4.7% of the company’s stock are short sold. Based on an average daily trading volume, of 103,280 shares, the short-interest ratio is currently 1.1 days.

SKK Price Performance

NASDAQ:SKK traded up $0.04 during midday trading on Tuesday, reaching $4.50. 3,734 shares of the stock traded hands, compared to its average volume of 437,830. SKK has a 12-month low of $1.61 and a 12-month high of $17.95. The business has a 50-day moving average of $3.49 and a two-hundred day moving average of $3.14. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 1.20.

SKK (NASDAQ:SKK) last posted its earnings results on Friday, April 10th. The company reported $0.62 EPS for the quarter. The firm had revenue of $3.38 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded SKK from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, SKK has a consensus 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.