SGS SA (OTCMKTS:SGSOY) Short Interest Up 140.7% in May

SGS SA (OTCMKTS:SGSOY) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 45,624 shares, an increase of 140.7% from the April 30th total of 18,953 shares. Based on an average daily volume of 167,991 shares, the short-interest ratio is presently 0.3 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Citigroup reaffirmed a “buy” rating on shares of SGS in a research note on Tuesday, February 17th. Royal Bank Of Canada raised SGS from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, May 5th. Oddo Bhf upgraded shares of SGS to an “outperform” rating in a report on Tuesday, May 26th. Kepler Capital Markets raised shares of SGS to a “strong-buy” rating in a research note on Monday, May 18th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of SGS in a research note on Monday, April 27th. Four research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

SGS Stock Down 0.8%

Shares of SGSOY traded down $0.09 on Tuesday, reaching $11.24. The stock had a trading volume of 61,542 shares, compared to its average volume of 82,732. The company has a current ratio of 1.44, a quick ratio of 1.32 and a debt-to-equity ratio of 3.52. SGS has a 12-month low of $9.80 and a 12-month high of $12.76. The company has a 50-day simple moving average of $10.88 and a 200-day simple moving average of $11.38.

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.