Short Interest in Intertek Gp (OTCMKTS:IKTSY) Grows By 143.8%

Intertek Gp (OTCMKTS:IKTSY) was the recipient of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 4,099 shares, a growth of 143.8% from the May 31st total of 1,681 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 6,979 shares, the short-interest ratio is currently 0.6 days.

Intertek Gp Price Performance

Intertek Gp stock traded up $0.76 during midday trading on Tuesday, hitting $77.36. 21,665 shares of the company’s stock were exchanged, compared to its average volume of 17,115. Intertek Gp has a 12-month low of $47.35 and a 12-month high of $77.52. 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’s 50 day simple moving average is $72.36 and its 200 day simple moving average is $63.18.

Analysts Set New Price Targets

Separately, Kepler Capital Markets raised shares of Intertek Gp to a “hold” rating in a research report on Monday, May 18th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock 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.