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 decrease in short interest during the month of August. As of August 14th, there was short interest totaling 39,799 shares, a decrease of 44.4% from the July 30th total of 71,596 shares. Based on an average daily trading volume, of 81,584 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the company’s stock are short sold.

K-Tech Solutions Trading Down 3.3%

Shares of NASDAQ:KMRK traded down $0.04 during midday trading on Friday, reaching $1.16. 23,325 shares of the company’s stock traded hands, compared to its average volume of 62,596. K-Tech Solutions has a one year low of $0.78 and a one year high of $6.59. The stock has a 50 day moving average of $1.09 and a 200 day moving average of $1.78. The company has a current ratio of 3.69, a quick ratio of 3.69 and a debt-to-equity ratio of 0.10.

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

Analyst Upgrades and Downgrades

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