SU Group Holdings Limited (NASDAQ:SUGP) Shares Shorted: Short Interest Up 658.1% in September

SU Group Holdings Limited (NASDAQ:SUGP) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 415,768 shares, a growth of 658.1% from the September 15th total of 54,846 shares. Based on an average daily trading volume, of 8,685,525 shares, the days-to-cover ratio is currently 0.0 days. Currently, 279.0% of the company’s shares are sold short.

Wall Street Analyst Weigh In

Several research analysts recently commented on SUGP shares. Wall Street Zen raised SU Group from a “sell” rating to a “hold” rating in a research note on Saturday, October 3rd. Weiss Ratings raised SU Group from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Sell”.

SU Group Price Performance

SUGP stock opened at $2.23 on Friday. The company’s 50-day moving average price is $6.43 and its 200 day moving average price is $53.39. SU Group has a 52 week low of $2.20 and a 52 week high of $314.70.

SU Group (NASDAQ:SUGP) last announced its quarterly earnings results on Tuesday, September 29th. The company reported ($5.58) EPS for the quarter. The firm had revenue of $5.51 million during the quarter.

SU Group Company Profile

SU Group Holdings Limited (NASDAQ: SUGP) is a Hong Kong-based security services provider. Through its subsidiaries, the company offers integrated security solutions to customers in the commercial, residential, industrial and public sectors.

Its principal activities include security guarding services, security-system design and installation, and the sale and maintenance of security products. These solutions may include access-control systems, surveillance equipment, alarm systems and related technologies, along with on-site personnel and security management services.

SU Group serves customers primarily in Hong Kong and has developed its business around providing security support for properties, facilities and events.