Skkynet Cloud Systems, Inc. (OTCMKTS:SKKY) Short Interest Up 250.0% in August

Skkynet Cloud Systems, Inc. (OTCMKTS:SKKY) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 700 shares, an increase of 250.0% from the August 15th total of 200 shares. Based on an average daily volume of 3,600 shares, the days-to-cover ratio is currently 0.2 days.

OTCMKTS:SKKY traded down $0.06 during midday trading on Friday, hitting $0.64. The company had a trading volume of 10,916 shares, compared to its average volume of 4,683. Skkynet Cloud Systems has a 52-week low of $0.31 and a 52-week high of $2.50. The stock’s fifty day moving average price is $0.90 and its 200-day moving average price is $1.15.

Skkynet Cloud Systems Company Profile

Skkynet Cloud Systems, Inc develops software related systems and software maintenance services. The company was founded on August 31, 2011 and is headquartered in Mississauga, Canada.

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