K-Tech Solutions Company Limited (NASDAQ:KMRK) Shares Shorted: Short Interest Up 862.7% in September

K-Tech Solutions Company Limited (NASDAQ:KMRK – Get Free Report) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 82,609 shares, an increase of 862.7% from the September 15th total of 8,581 shares. Currently, 0.4% of the shares of the stock are sold short. Based on an average daily volume of 321,525 shares, the days-to-cover ratio is currently 0.3 days.

K-Tech Solutions Stock Up 3.5%

NASDAQ:KMRK traded up $0.04 during midday trading on Friday, reaching $1.18. 73,199 shares of the stock traded hands, compared to its average volume of 190,950. K-Tech Solutions has a 12 month low of $0.78 and a 12 month high of $6.59. The company has a current ratio of 3.69, a quick ratio of 3.69 and a debt-to-equity ratio of 0.10. The company has a fifty day moving average of $1.11 and a 200 day moving average of $1.58.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of K-Tech Solutions from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, K-Tech Solutions currently has a consensus rating of “Sell”.

View Our Latest Research Report on K-Tech Solutions

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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