Intertek Group plc (OTCMKTS:IKTSY – Get Free Report) saw a large decrease in short interest in January. As of January 15th, there was short interest totalling 1,800 shares, a decrease of 66.0% from the December 31st total of 5,300 shares. Based on an average trading volume of 6,100 shares, the short-interest ratio is currently 0.3 days.
Intertek Group Stock Down 2.2 %
Shares of OTCMKTS:IKTSY traded down $1.40 during trading on Wednesday, reaching $63.50. The stock had a trading volume of 1,536 shares, compared to its average volume of 2,641. Intertek Group has a one year low of $54.57 and a one year high of $69.79. The firm’s 50-day simple moving average is $60.35 and its 200 day simple moving average is $62.26.
Wall Street Analyst Weigh In
Several brokerages have issued reports on IKTSY. The Goldman Sachs Group upgraded shares of Intertek Group to a “strong-buy” rating in a report on Friday, October 11th. Barclays upgraded shares of Intertek Group from a “strong sell” rating to a “strong-buy” rating in a report on Friday, January 24th. Finally, Royal Bank of Canada cut shares of Intertek Group from an “outperform” rating to a “sector perform” rating in a report on Monday, October 21st.
Intertek Group Company Profile
Intertek Group plc engages in the provision of quality assurance solutions to various industries in the United Kingdom, the United States, China, Australia, and internationally. The company operates in five segments: Consumer Products, Corporate Assurance, Health and Safety, Industry and Infrastructure, and World of Energy.
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