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

SGS SA (OTCMKTS:SGSOY) was the recipient of a significant growth in short interest in December. As of December 31st, there was short interest totalling 132,000 shares, a growth of 2,100.0% from the December 15th total of 6,000 shares. Based on an average daily volume of 282,100 shares, the short-interest ratio is currently 0.5 days.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SGSOY shares. Royal Bank of Canada cut SGS from a “sector perform” rating to an “underperform” rating in a report on Monday, October 21st. BNP Paribas raised shares of SGS to a “hold” rating in a research note on Monday, September 30th.

SGS Stock Down 8.9 %

SGSOY traded down $0.92 on Wednesday, hitting $9.47. 94,400 shares of the company were exchanged, compared to its average volume of 130,653. The business’s fifty day moving average is $9.99 and its 200 day moving average is $10.38. SGS has a fifty-two week low of $8.32 and a fifty-two week high of $11.54. The company has a current ratio of 1.23, a quick ratio of 1.09 and a debt-to-equity ratio of 4.45.

SGS Company Profile

SGS SA provides inspection, testing, and verification services in Europe, Africa, the Middle East, the Americas, and the Asia Pacific. It operates in five segments: Connectivity & Products, Health & Nutrition, Industries & Environment, Natural Resources, and Business Assurance. The company provides laboratory testing, product inspection and consulting, process assessment, technical and transactional assistance; and automotive, connectivity, softlines and accessories, and hardgoods, toys, and juvenile products, as well as government and trade facilitation services.