SU Group Holdings Limited (NASDAQ:SUGP) Sees Significant Decline in Short Interest

SU Group Holdings Limited (NASDAQ:SUGP) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 34,595 shares, a drop of 48.5% from the July 15th total of 67,190 shares. Based on an average daily volume of 735,621 shares, the days-to-cover ratio is currently 0.0 days. Approximately 3.9% of the company’s shares are short sold.

SU Group Price Performance

SUGP stock traded up $0.01 during trading on Tuesday, reaching $2.02. 34,022 shares of the stock traded hands, compared to its average volume of 660,256. The business’s 50 day moving average price is $3.36 and its 200-day moving average price is $16.07. SU Group has a 52-week low of $1.16 and a 52-week high of $55.00.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SUGP. Wall Street Zen upgraded SU Group to a “sell” rating in a research report on Saturday, July 4th. Weiss Ratings lowered shares of SU Group from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, SU Group currently has a consensus rating of “Sell”.

About SU Group

SU Group Holdings Limited, through its subsidiaries, operates as an integrated security-related services company in Hong Kong and internationally. The company operates through two segments, Security-Related Engineering Services Business; and Security Guarding and Screening Services Business. It primarily provides security-related engineering, security guarding and screening, and related vocational training services. The company also engages in the design, supply, installation, maintenance, and testing and commissioning of various security systems.