SGS SA (OTCMKTS:SGSOY) Sees Significant Increase in Short Interest

SGS SA (OTCMKTS:SGSOY) was the target of a significant increase in short interest in June. As of June 30th, there was short interest totaling 79,844 shares, an increase of 149.3% from the June 15th total of 32,021 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 133,410 shares, the short-interest ratio is presently 0.6 days.

Wall Street Analyst Weigh In

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

SGS Price Performance

OTCMKTS:SGSOY opened at $11.71 on Thursday. SGS has a one year low of $9.86 and a one year high of $12.76. The company has a current ratio of 1.44, a quick ratio of 1.32 and a debt-to-equity ratio of 3.52. The stock has a 50-day simple moving average of $11.27 and a 200 day simple moving average of $11.42.

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.