Intertek Group plc (OTCMKTS:IKTSY) Short Interest Update

Intertek Group plc (OTCMKTS:IKTSY) was the recipient of a significant increase in short interest during the month of November. As of November 30th, there was short interest totalling 3,600 shares, an increase of 100.0% from the November 15th total of 1,800 shares. Based on an average daily volume of 32,300 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Royal Bank of Canada lowered shares of Intertek Group from an “outperform” rating to a “sector perform” rating in a research note on Monday, October 21st. The Goldman Sachs Group raised shares of Intertek Group to a “strong-buy” rating in a research report on Friday, October 11th.

Intertek Group Stock Down 0.8 %

Shares of IKTSY traded down $0.47 during midday trading on Thursday, reaching $61.18. 2,227 shares of the stock were exchanged, compared to its average volume of 7,172. Intertek Group has a twelve month low of $51.01 and a twelve month high of $69.79. The business’s 50-day moving average price is $61.54 and its 200 day moving average price is $62.46.

About Intertek Group

Intertek Group plc engages in the provision of quality assurance solutions to various industries in the United Kingdom, the United States, China, Australia, and internationally. The company operates in five segments: Consumer Products, Corporate Assurance, Health and Safety, Industry and Infrastructure, and World of Energy.