SGS SA (OTCMKTS:SGSOY) Short Interest Update

SGS SA (OTCMKTS:SGSOY) saw 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 company’s stock are short sold. Based on an average trading volume of 133,410 shares, the short-interest ratio is presently 0.6 days.

SGS Stock Down 0.5%

Shares of SGSOY opened at $11.63 on Tuesday. The company has a debt-to-equity ratio of 3.52, a current ratio of 1.44 and a quick ratio of 1.32. SGS has a 1-year low of $9.86 and a 1-year high of $12.76. The company’s fifty day moving average price is $11.25 and its 200-day moving average price is $11.42.

Analysts Set New Price Targets

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

About SGS

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.