SKK Holdings Limited (NASDAQ:SKK) Short Interest Up 87.4% in May

SKK Holdings Limited (NASDAQ:SKK) was the recipient of a large increase in short interest in 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 shares are sold short. Based on an average daily volume of 103,280 shares, the days-to-cover ratio is currently 1.1 days.

SKK Stock Performance

Shares of NASDAQ:SKK opened at $4.38 on Monday. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 1.20. SKK has a 52-week low of $1.61 and a 52-week high of $17.95. The company has a 50 day moving average of $3.45 and a two-hundred day moving average of $3.13.

SKK (NASDAQ:SKK) last issued its quarterly earnings data on Friday, April 10th. The company reported $0.62 earnings per share (EPS) for the quarter. The firm had revenue of $3.38 million during the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings raised shares of SKK from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, SKK currently 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.