Intertek Group plc (OTCMKTS:IKTSY) Sees Large Growth in Short Interest

Intertek Group plc (OTCMKTS:IKTSY) saw a large growth in short interest in 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. Based on an average daily volume of 21,300 shares, the short-interest ratio is currently 2.4 days. Approximately 0.0% of the shares of the company are sold short.

Intertek Group Price Performance

Shares of OTCMKTS IKTSY 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 50-day moving average price is $65.21 and its 200 day moving average price is $63.26. Intertek Group has a 52 week low of $55.84 and a 52 week high of $69.97.

Analyst Ratings Changes

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

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.