Short Interest in SSP Group (OTCMKTS:SSPPF) Drops By 45.0%

SSP Group (OTCMKTS:SSPPF) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 134,231 shares, a drop of 45.0% from the June 15th total of 244,040 shares. Based on an average trading volume of 0 shares, the days-to-cover ratio is currently ∞ days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

Separately, UBS Group downgraded SSP Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 28th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold”.

SSP Group Stock Performance

OTCMKTS SSPPF opened at $2.16 on Wednesday. The company’s 50 day simple moving average is $2.15 and its 200 day simple moving average is $2.38. SSP Group has a 12 month low of $1.71 and a 12 month high of $2.56.

About SSP Group

SSP Group is a leading operator of food and beverage concessions in travel locations worldwide. The company designs, manages and operates branded and independent restaurants, bars, cafés and kiosks across airports, railway stations, motorway service stations and cultural attractions. Its portfolio encompasses both proprietary concepts and partnerships with major global food and beverage brands, offering tailored dining experiences for travellers.

Headquartered in London, UK, SSP Group traces its roots to Travellers Fare, founded in the 1960s, and was formally established as SSP Group following a spin-off from Compass Group in 2006.