Intertek Gp (OTCMKTS:IKTSY) Short Interest Update

Intertek Gp (OTCMKTS:IKTSY) was the target of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 1,681 shares, a decrease of 64.6% from the May 14th total of 4,745 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 13,096 shares, the short-interest ratio is currently 0.1 days.

Intertek Gp Stock Performance

Shares of IKTSY stock traded up $1.05 on Friday, reaching $76.50. 1,983 shares of the stock were exchanged, compared to its average volume of 5,071. The company has a current ratio of 1.08, a quick ratio of 1.06 and a debt-to-equity ratio of 1.03. The firm has a 50 day moving average of $67.20 and a two-hundred day moving average of $62.07. Intertek Gp has a 1-year low of $47.35 and a 1-year high of $77.18.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets upgraded Intertek Gp to a “hold” rating in a report on Monday, May 18th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

About Intertek Gp

INTERTEK GP (OTCMKTS: IKTSY) is a global provider of quality assurance, testing, inspection and certification services. The company helps clients across a broad spectrum of industries—ranging from oil and gas to consumer goods and electronics—ensure that their products, processes and operations meet regulatory, safety and performance standards. Its core offerings include laboratory testing, supply chain audits, conformity assessments and technical advisory services designed to support risk management and product integrity.

Intertek’s business is organized around four principal service lines: Assurance, Testing, Inspection and Certification.