SGS SA (OTCMKTS:SGSOY) Short Interest Update

by · The Markets Daily

SGS SA (OTCMKTS:SGSOY – Get Free Report) saw a large increase in short interest in May. As of May 15th, there was short interest totaling 45,624 shares, an increase of 140.7% from the April 30th total of 18,953 shares. Based on an average daily volume of 167,991 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the shares of the stock are short sold.

SGS Price Performance

Shares of OTCMKTS:SGSOY traded down $0.09 during mid-day trading on Monday, hitting $11.24. The company had a trading volume of 61,542 shares, compared to its average volume of 82,732. The firm has a fifty day moving average price of $10.88 and a 200 day moving average price of $11.38. The company has a debt-to-equity ratio of 3.52, a quick ratio of 1.32 and a current ratio of 1.44. SGS has a one year low of $9.80 and a one year high of $12.76.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Royal Bank Of Canada upgraded shares of SGS from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, May 5th. Citigroup reiterated a “buy” rating on shares of SGS in a research report on Tuesday, February 17th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of SGS in a research report on Monday, April 27th. Oddo Bhf upgraded shares of SGS to an “outperform” rating in a research report on Tuesday, May 26th. Finally, Kepler Capital Markets upgraded shares of SGS to a “strong-buy” rating in a research report on Monday, May 18th. Four research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, SGS has a consensus rating of “Moderate Buy”.

Read Our Latest Stock Analysis on SGSOY

About SGS

(Get Free Report)

SGS SA is a Switzerland-based multinational company that provides inspection, verification, testing and certification services. Established in the late 19th century, SGS has grown into a global provider of conformity assessment services that help businesses manage risk, ensure quality and meet regulatory requirements across product lifecycles and supply chains. The company’s services are designed to verify that products, systems and processes meet specified standards and customer expectations.

Core activities include laboratory testing, on-site inspections, certification of management systems and product conformity, supply chain audits and technical verification.

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