Short Interest in Intertek Gp (OTCMKTS:IKTSY) Drops By 97.1%

Intertek Gp (OTCMKTS:IKTSY) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 47 shares, a drop of 97.1% from the June 30th total of 1,623 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 25,561 shares, the days-to-cover ratio is currently 0.0 days.

Intertek Gp Stock Down 1.5%

OTCMKTS IKTSY traded down $1.15 on Friday, reaching $77.26. The company had a trading volume of 1,516 shares, compared to its average volume of 9,664. Intertek Gp has a 52 week low of $47.35 and a 52 week high of $79.56. The stock’s 50 day moving average is $76.01 and its 200-day moving average is $65.24. The company has a current ratio of 1.08, a quick ratio of 1.06 and a debt-to-equity ratio of 1.03.

Wall Street Analysts Forecast Growth

IKTSY has been the topic of several recent research reports. Jefferies Financial Group lowered shares of Intertek Gp from a “strong-buy” rating to a “hold” rating in a research note on Monday. Kepler Capital Markets upgraded shares of Intertek Gp to a “hold” rating in a report on Monday, May 18th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average 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.