Short Interest in SGS SA (OTCMKTS:SGSOY) Increases By 287.6%

SGS SA (OTCMKTS:SGSOY) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 39,034 shares, a growth of 287.6% from the December 31st total of 10,070 shares. Based on an average daily trading volume, of 146,387 shares, the short-interest ratio is presently 0.3 days. Approximately 0.0% of the company’s stock are sold short. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 146,387 shares, the short-interest ratio is presently 0.3 days.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Morgan Stanley cut SGS from an “equal weight” rating to a “cautious” rating in a research note on Tuesday, January 6th. Citigroup reaffirmed a “buy” rating on shares of SGS in a research report on Tuesday, October 28th. Finally, The Goldman Sachs Group raised SGS from a “strong sell” rating to a “neutral” rating in a research report on Thursday, October 9th. Three equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, SGS presently has an average rating of “Moderate Buy”.

SGS Trading Up 0.6%

OTCMKTS:SGSOY opened at $12.08 on Friday. SGS has a 12 month low of $8.42 and a 12 month high of $12.35. The company has a debt-to-equity ratio of 3.83, a current ratio of 1.13 and a quick ratio of 1.01. The business’s fifty day moving average price is $11.48 and its 200 day moving average price is $10.90.

SGS Company Profile

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.