SGS SA (OTCMKTS:SGSOY) Short Interest Down 36.2% in June

SGS SA (OTCMKTS:SGSOY) saw a significant decline in short interest in June. As of June 15th, there was short interest totaling 32,021 shares, a decline of 36.2% from the May 31st total of 50,153 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 150,848 shares, the short-interest ratio is presently 0.2 days.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada raised SGS from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of SGS in a research note on Monday, April 27th. Kepler Capital Markets raised SGS to a “strong-buy” rating in a report on Monday, May 18th. Finally, Oddo Bhf upgraded SGS to an “outperform” rating in a research note on Tuesday, May 26th. Three analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, SGS has a consensus rating of “Moderate Buy”.

SGS Stock Up 1.5%

SGSOY stock opened at $11.71 on Friday. The firm has a fifty day moving average price of $11.12 and a 200 day moving average price of $11.40. SGS has a fifty-two week low of $9.86 and a fifty-two week high of $12.76. The company has a debt-to-equity ratio of 3.52, a current ratio of 1.44 and a quick ratio of 1.32.

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.