K-Tech Solutions Company Limited (NASDAQ:KMRK) Sees Large Decline in Short Interest

K-Tech Solutions Company Limited (NASDAQ:KMRK) was the recipient of a significant decline in short interest in December. As of December 15th, there was short interest totaling 22,204 shares, a decline of 32.7% from the November 30th total of 32,993 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 66,116 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 66,116 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s stock are short sold.

K-Tech Solutions Trading Up 4.1%

Shares of K-Tech Solutions stock traded up $0.05 during trading hours on Tuesday, hitting $1.27. The company had a trading volume of 60,963 shares, compared to its average volume of 29,878. The company’s 50-day moving average price is $1.13. K-Tech Solutions has a twelve month low of $0.86 and a twelve month high of $5.50.

Analysts Set New Price Targets

Separately, Weiss Ratings began coverage on K-Tech Solutions in a report on Thursday, October 9th. They issued a “sell (e-)” rating for the company. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, K-Tech Solutions currently has a consensus rating of “Sell”.

K-Tech Solutions Company Profile

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.