Short Interest in SU Group Holdings Limited (NASDAQ:SUGP) Grows By 822.2%

SU Group Holdings Limited (NASDAQ:SUGP) was the target of a large increase in short interest in December. As of December 15th, there was short interest totaling 167,166 shares, an increase of 822.2% from the November 30th total of 18,127 shares. Based on an average daily trading volume, of 556,451 shares, the days-to-cover ratio is currently 0.3 days. Currently, 12.1% of the shares of the stock are short sold. Currently, 12.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 556,451 shares, the days-to-cover ratio is currently 0.3 days.

SU Group Trading Up 1.3%

NASDAQ SUGP opened at $6.08 on Thursday. The stock has a 50 day moving average price of $6.45 and a 200-day moving average price of $6.62. SU Group has a one year low of $3.44 and a one year high of $26.60.

Analyst Upgrades and Downgrades

Several research firms have recently commented on SUGP. Wall Street Zen raised shares of SU Group to a “sell” rating in a report on Saturday, December 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of SU Group in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

SU Group Company Profile

SU Group Holdings Limited, through its subsidiaries, operates as an integrated security-related services company in Hong Kong and internationally. The company operates through two segments, Security-Related Engineering Services Business; and Security Guarding and Screening Services Business. It primarily provides security-related engineering, security guarding and screening, and related vocational training services. The company also engages in the design, supply, installation, maintenance, and testing and commissioning of various security systems.