SGS SA (OTCMKTS:SGSOY) Sees Significant Increase in Short Interest

by · The Markets Daily

SGS SA (OTCMKTS:SGSOY – Get Free Report) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 132,000 shares, a growth of 2,100.0% from the December 15th total of 6,000 shares. Based on an average trading volume of 282,100 shares, the short-interest ratio is presently 0.5 days.

Wall Street Analyst Weigh In

SGSOY has been the topic of a number of recent analyst reports. BNP Paribas upgraded SGS to a “hold” rating in a report on Monday, September 30th. Royal Bank of Canada downgraded shares of SGS from a “sector perform” rating to an “underperform” rating in a research note on Monday, October 21st.

View Our Latest Analysis on SGSOY

SGS Trading Up 0.7 %

Shares of SGS stock traded up $0.07 during trading hours on Monday, hitting $10.15. The company’s stock had a trading volume of 298,207 shares, compared to its average volume of 134,234. The company has a quick ratio of 1.09, a current ratio of 1.23 and a debt-to-equity ratio of 4.45. The stock has a 50 day moving average of $9.98 and a 200 day moving average of $10.35. SGS has a 12 month low of $8.32 and a 12 month high of $11.54.

SGS Company Profile

(Get Free Report)

SGS SA provides inspection, testing, and verification services in Europe, Africa, the Middle East, the Americas, and the Asia Pacific. It operates in five segments: Connectivity & Products, Health & Nutrition, Industries & Environment, Natural Resources, and Business Assurance. The company provides laboratory testing, product inspection and consulting, process assessment, technical and transactional assistance; and automotive, connectivity, softlines and accessories, and hardgoods, toys, and juvenile products, as well as government and trade facilitation services.

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