SSP Group (OTCMKTS:SSPPF) Sees Large Decrease in Short Interest

SSP Group (OTCMKTS:SSPPF) was the target of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 8,423 shares, a decrease of 16.8% from the December 31st total of 10,123 shares. Based on an average daily trading volume, of 4,417 shares, the days-to-cover ratio is currently 1.9 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 4,417 shares, the days-to-cover ratio is currently 1.9 days.

SSP Group Stock Performance

Shares of SSPPF stock opened at $2.51 on Tuesday. The company has a current ratio of 0.44, a quick ratio of 0.40 and a debt-to-equity ratio of 6.39. The firm has a 50-day moving average of $2.27 and a 200-day moving average of $2.21. SSP Group has a one year low of $1.71 and a one year high of $2.51.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Barclays downgraded SSP Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. UBS Group restated a “neutral” rating on shares of SSP Group in a report on Monday, December 8th. Finally, Citigroup reaffirmed a “buy” rating on shares of SSP Group in a research note on Thursday, January 15th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

About SSP Group

SSP Group is a leading operator of food and beverage concessions in travel locations worldwide. The company designs, manages and operates branded and independent restaurants, bars, cafés and kiosks across airports, railway stations, motorway service stations and cultural attractions. Its portfolio encompasses both proprietary concepts and partnerships with major global food and beverage brands, offering tailored dining experiences for travellers.

Headquartered in London, UK, SSP Group traces its roots to Travellers Fare, founded in the 1960s, and was formally established as SSP Group following a spin-off from Compass Group in 2006.