Short Interest in Intertek Gp (OTCMKTS:IKTSY) Drops By 61.5%

Intertek Gp (OTCMKTS:IKTSY) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 4,745 shares, a decrease of 61.5% from the April 30th total of 12,323 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 36,894 shares, the days-to-cover ratio is currently 0.1 days.

Intertek Gp Price Performance

Shares of Intertek Gp stock traded down $0.34 during trading on Monday, reaching $72.41. The company’s stock had a trading volume of 1,052 shares, compared to its average volume of 19,566. Intertek Gp has a 52 week low of $47.35 and a 52 week high of $77.18. The company has a current ratio of 1.08, a quick ratio of 1.06 and a debt-to-equity ratio of 1.03. The business’s 50-day moving average price is $62.19 and its 200-day moving average price is $61.44.

Wall Street Analyst Weigh In

Separately, Kepler Capital Markets raised shares of Intertek Gp to a “hold” rating in a report on Monday, May 18th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, Intertek Gp currently has a consensus rating of “Hold”.

Intertek Gp Company Profile

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.