Intertek Group plc (OTCMKTS:IKTSY) Short Interest Up 1,273.0% in March

Intertek Group plc (OTCMKTS:IKTSY) was the recipient of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 50,800 shares, a growth of 1,273.0% from the February 28th total of 3,700 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 21,300 shares, the short-interest ratio is presently 2.4 days.

Analysts Set New Price Targets

Separately, Barclays raised shares of Intertek Group from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, January 24th.

Intertek Group Stock Performance

Shares of IKTSY stock opened at $64.53 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.27 and a quick ratio of 1.25. The company’s fifty day simple moving average is $65.21 and its 200-day simple moving average is $63.26. Intertek Group has a 52 week low of $55.84 and a 52 week high of $69.97.

Intertek Group Company Profile

Intertek Group plc engages in the provision of quality assurance solutions to various industries in the United Kingdom, the United States, China, Australia, and internationally. The company operates in five segments: Consumer Products, Corporate Assurance, Health and Safety, Industry and Infrastructure, and World of Energy.