SGS SA (OTCMKTS:SGSOY) Shares Shorted: Short Interest Up 254.8% in September

SGS SA (OTCMKTS:SGSOY) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 75,524 shares, a growth of 254.8% from the September 15th total of 21,287 shares. Based on an average daily volume of 162,874 shares, the short-interest ratio is currently 0.5 days. Currently, 0.0% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of SGS in a report on Monday, July 27th. Citigroup reissued a “buy” rating on shares of SGS in a report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, SGS has a consensus rating of “Moderate Buy”.

SGS Stock Performance

OTCMKTS:SGSOY traded up $0.27 during midday trading on Friday, reaching $11.61. The stock had a trading volume of 64,918 shares, compared to its average volume of 95,157. The firm has a fifty day simple moving average of $11.47 and a two-hundred day simple moving average of $11.27. SGS has a 12-month low of $10.16 and a 12-month high of $12.76.

SGS Company Profile

SGS SA is a Switzerland-based testing, inspection and certification company. Through its laboratories, technical specialists and assessment services, the company helps businesses, governments and other organizations verify that products, processes and facilities meet applicable quality, safety, regulatory and sustainability standards.

The company provides services across a wide range of industries, including agriculture and food, consumer products, energy and natural resources, chemicals, construction, industrial manufacturing, transportation, life sciences and environmental services.