Short Interest in SGS SA (OTCMKTS:SGSOY) Drops By 39.1%

SGS SA (OTCMKTS:SGSOY) was the target of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 23,692 shares, a decline of 39.1% from the July 15th total of 38,889 shares. Based on an average daily volume of 105,342 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

SGS Price Performance

Shares of SGSOY opened at $11.65 on Thursday. The company’s fifty day moving average is $11.59 and its two-hundred day moving average is $11.41. SGS has a 1 year low of $9.88 and a 1 year high of $12.76. The company has a debt-to-equity ratio of 3.52, a current ratio of 1.44 and a quick ratio of 1.32.

Wall Street Analyst Weigh In

Several research firms have commented on SGSOY. Kepler Capital Markets raised SGS to a “strong-buy” rating in a research report on Monday, May 18th. Royal Bank Of Canada restated a “sector perform” rating on shares of SGS in a research report on Monday, July 27th. Citigroup reiterated a “buy” rating on shares of SGS in a research report on Monday, July 27th. Oddo Bhf upgraded shares of SGS to an “outperform” rating in a research note on Tuesday, May 26th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of SGS in a research note on Monday, April 27th. Two equities 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 given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

SGS Company Profile

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.