Short Interest in Intertek Gp (OTCMKTS:IKTSY) Increases By 102.8%

Intertek Gp (OTCMKTS:IKTSY) was the target of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 73 shares, an increase of 102.8% from the July 30th total of 36 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 5,271 shares, the short-interest ratio is presently 0.0 days.

Analyst Upgrades and Downgrades

IKTSY has been the topic of a number of research reports. Kepler Capital Markets raised shares of Intertek Gp to a “hold” rating in a research note on Monday, May 18th. Jefferies Financial Group downgraded Intertek Gp from a “strong-buy” rating to a “hold” rating in a report on Monday, July 20th. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

Intertek Gp Price Performance

Shares of IKTSY opened at $78.99 on Friday. The stock’s 50-day moving average price is $78.16 and its two-hundred day moving average price is $68.19. Intertek Gp has a 12 month low of $47.35 and a 12 month high of $79.79. The company has a quick ratio of 1.06, a current ratio of 1.08 and a debt-to-equity ratio of 1.03.

About Intertek Gp

INTERTEK GP (OTCMKTS: IKTSY) is a global provider of quality assurance, testing, inspection and certification services. The company helps clients across a broad spectrum of industries—ranging from oil and gas to consumer goods and electronics—ensure that their products, processes and operations meet regulatory, safety and performance standards. Its core offerings include laboratory testing, supply chain audits, conformity assessments and technical advisory services designed to support risk management and product integrity.

Intertek’s business is organized around four principal service lines: Assurance, Testing, Inspection and Certification.