Short Interest in SGS SA (OTCMKTS:SGSOY) Decreases By 39.1%

SGS SA (OTCMKTS:SGSOY) was the target of a significant drop in short interest during the month of July. As of July 31st, there was short interest totaling 23,692 shares, a drop of 39.1% from the July 15th total of 38,889 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 105,342 shares, the short-interest ratio is presently 0.2 days.

SGS Stock Down 0.8%

OTCMKTS SGSOY opened at $11.36 on Wednesday. The firm’s 50 day moving average is $11.59 and its 200-day moving average is $11.42. 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 12-month low of $9.88 and a 12-month high of $12.76.

Analyst Ratings Changes

SGSOY has been the subject of several recent research reports. Oddo Bhf raised SGS to an “outperform” rating in a report on Tuesday, May 26th. Kepler Capital Markets upgraded SGS to a “strong-buy” rating in a research report on Monday, May 18th. Citigroup restated a “buy” rating on shares of SGS in a report on Monday, July 27th. Royal Bank Of Canada restated a “sector perform” rating on shares of SGS in a report on Monday, July 27th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of SGS in a report on Monday, April 27th. Two equities research 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 company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

About SGS

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.