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

K-Tech Solutions Company Limited (NASDAQ:KMRK) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 71,596 shares, a decrease of 49.6% from the July 15th total of 142,125 shares. Based on an average trading volume of 73,560 shares, the short-interest ratio is presently 1.0 days. Approximately 0.4% of the company’s stock are sold short.

Analysts Set New Price Targets

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

K-Tech Solutions Stock Up 0.8%

Shares of K-Tech Solutions stock traded up $0.01 during trading on Friday, hitting $1.21. The company’s stock had a trading volume of 36,674 shares, compared to its average volume of 79,439. K-Tech Solutions has a 52 week low of $0.78 and a 52 week high of $6.59. The company has a fifty day simple moving average of $1.12 and a two-hundred day simple moving average of $1.81.

K-Tech Solutions (NASDAQ:KMRK) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.02 EPS for the quarter. The business had revenue of $2.63 million for the quarter.

About K-Tech Solutions

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.