Short Interest in SKK Holdings Limited (NASDAQ:SKK) Drops By 41.7%

SKK Holdings Limited (NASDAQ:SKK – Get Free Report) was the recipient of a large decline in short interest in 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. Currently, 1.0% of the company’s shares are sold short. Based on an average daily volume of 15,318 shares, the short-interest ratio is currently 1.6 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of SKK in a research report on Friday, July 31st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, SKK currently has an average rating of “Sell”.

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SKK Stock Down 2.3%

Shares of NASDAQ:SKK traded down $0.10 during midday trading on Tuesday, reaching $4.46. The company’s stock had a trading volume of 1,273 shares, compared to its average volume of 320,870. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.20. The firm has a 50 day moving average price of $4.75 and a two-hundred day moving average price of $3.65. SKK has a fifty-two week low of $1.61 and a fifty-two week high of $17.95.

About SKK

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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.

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