Short Interest in K-Tech Solutions Company Limited (NASDAQ:KMRK) Decreases By 66.0%

K-Tech Solutions Company Limited (NASDAQ:KMRKGet Free Report) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totaling 13,528 shares, a decline of 66.0% from the August 15th total of 39,799 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 34,866 shares, the days-to-cover ratio is presently 0.4 days.

K-Tech Solutions Stock Performance

Shares of K-Tech Solutions stock traded up $0.06 on Monday, reaching $0.96. The company had a trading volume of 24,906 shares, compared to its average volume of 24,403. The firm’s 50 day moving average price is $1.10 and its two-hundred day moving average price is $1.71. K-Tech Solutions has a 52-week low of $0.78 and a 52-week high of $6.59. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.69 and a quick ratio of 3.69.

K-Tech Solutions (NASDAQ:KMRKGet Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.02 earnings per share for the quarter. The company had revenue of $2.63 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings raised K-Tech Solutions from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

View Our Latest Report on KMRK

About K-Tech Solutions

(Get Free Report)

We are principally engaged in the design, development, testing and sale of a diverse portfolio of toy products ranging from simple plastic toy products to more complex electromechanical toy products. Our solution services span across the entire development stage of toy products from design, prototype testing, production management, quality control to after-sales services. We specialize in the development of infant and pre-school educational toys and learning kits. We started our operation in 2016 and have developed relationships with our customers mainly located in European and North American countries which possess renowned brands and intellectual properties in toy products.

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