SU Group Holdings Limited (NASDAQ:SUGP) Sees Large Growth in Short Interest

SU Group Holdings Limited (NASDAQ:SUGP) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totaling 225,073 shares, a growth of 102.6% from the June 15th total of 111,107 shares. Based on an average daily trading volume, of 27,923,016 shares, the days-to-cover ratio is currently 0.0 days. Currently, 5.0% of the company’s shares are sold short.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SUGP shares. Weiss Ratings reiterated a “sell (d)” rating on shares of SU Group in a report on Tuesday, April 21st. Wall Street Zen raised SU Group to a “sell” rating in a research report on Saturday, July 4th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

SU Group Trading Down 4.6%

NASDAQ SUGP traded down $0.03 during trading on Wednesday, reaching $0.53. The company’s stock had a trading volume of 234,394 shares, compared to its average volume of 3,594,570. The business’s fifty day moving average price is $1.84 and its 200-day moving average price is $4.18. SU Group has a twelve month low of $0.51 and a twelve month high of $11.90.

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.