SGS SA (OTCMKTS:SGSOY) Short Interest Down 59.4% in August

SGS SA (OTCMKTS:SGSOY) was the recipient of a significant decline in short interest in August. As of August 31st, there was short interest totaling 18,519 shares, a decline of 59.4% from the August 15th total of 45,633 shares. Based on an average daily volume of 91,045 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

SGS Stock Up 0.3%

OTCMKTS SGSOY opened at $11.28 on Tuesday. SGS has a 12 month low of $10.02 and a 12 month high of $12.76. The company’s 50 day simple moving average is $11.60 and its 200 day simple moving average is $11.32. The company has a current ratio of 1.44, a quick ratio of 1.32 and a debt-to-equity ratio of 3.52.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Oddo Bhf raised SGS to an “outperform” rating in a research note on Tuesday, May 26th. Royal Bank Of Canada reissued a “sector perform” rating on shares of SGS in a research note on Monday, July 27th. Citigroup restated a “buy” rating on shares of SGS in a report on Monday, July 27th. Finally, Kepler Capital Markets raised SGS to a “strong-buy” rating in a research note on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

About SGS

SGS SA is a Switzerland-based testing, inspection and certification company serving businesses, governments and other organizations worldwide. The company helps clients assess the quality, safety, performance and compliance of products, services and processes through independent verification and technical expertise.

Its services include laboratory testing, inspection, certification, auditing, consulting and related training. SGS supports a broad range of industries, including agriculture and food, consumer products, energy and natural resources, industrial manufacturing, transportation, pharmaceuticals and healthcare, construction, connectivity and sustainability.