Johnson Service Group PLC (OTCMKTS:JSVGF) Sees Significant Drop in Short Interest

Johnson Service Group PLC (OTCMKTS:JSVGF) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 2,278 shares, a drop of 41.3% from the June 30th total of 3,879 shares. Based on an average daily volume of 0 shares, the short-interest ratio is presently ∞ days.

Johnson Service Group Price Performance

Shares of JSVGF stock remained flat at $1.95 during midday trading on Thursday. The firm’s 50-day simple moving average is $1.95 and its 200 day simple moving average is $1.88. Johnson Service Group has a 52 week low of $1.70 and a 52 week high of $2.05.

Wall Street Analyst Weigh In

Separately, BNP Paribas Exane initiated coverage on shares of Johnson Service Group in a research note on Monday, April 27th. They issued an “outperform” rating on the stock. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Johnson Service Group presently has a consensus rating of “Moderate Buy”.

Johnson Service Group Company Profile

Johnson Service Group PLC, together with its subsidiaries, provides textile rental and related services in the United Kingdom. The company operates through two segments, Workwear; and Hotel, Restaurants and Catering. The Workwear segment supplies workwear garments and protective wear, and workplace hygiene services under the Johnsons Workwear brands, as well as provides laundering services. The Hotel, Restaurants and Catering segment offers linen services, including table linen, napkins, and chefs wear to the restaurant, catering, and hospitality market through the Afonwen, PLS, Stalbridge, South West Laundry, London Linen, and Fresh Linen brands.