SGS SA (OTCMKTS:SGSOY) Short Interest Update

SGS SA (OTCMKTS:SGSOY) was the recipient of 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 trading volume, of 167,991 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.0% of the shares of the stock are short sold.

SGS Price Performance

SGSOY traded up $0.07 during trading on Friday, hitting $11.33. The company’s stock had a trading volume of 75,305 shares, compared to its average volume of 81,524. The firm’s 50 day moving average price is $10.87 and its 200-day moving average price is $11.38. The company has a current ratio of 1.44, a quick ratio of 1.32 and a debt-to-equity ratio of 3.52. SGS has a twelve month low of $9.80 and a twelve month high of $12.76.

Analyst Upgrades and Downgrades

SGSOY has been the topic of a number of recent research reports. Kepler Capital Markets raised SGS to a “strong-buy” rating in a research note on Monday, May 18th. Oddo Bhf raised SGS to an “outperform” rating in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of SGS in a research note on Monday, April 27th. Citigroup reaffirmed a “buy” rating on shares of SGS in a research note on Tuesday, February 17th. Finally, Royal Bank Of Canada raised SGS from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, May 5th. Four investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

SGS Company Profile

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.