SU Group Holdings Limited (NASDAQ:SUGP) Sees Large Growth in Short Interest

SU Group Holdings Limited (NASDAQ:SUGP) was the target of a significant growth in short interest in the month of December. As of December 15th, there was short interest totaling 167,166 shares, a growth of 822.2% from the November 30th total of 18,127 shares. Currently, 12.1% of the shares of the stock are short sold. Based on an average daily volume of 556,451 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 556,451 shares, the days-to-cover ratio is presently 0.3 days. Currently, 12.1% of the shares of the stock are short sold.

Analyst Upgrades and Downgrades

SUGP has been the topic of several research analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of SU Group in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of SU Group to a “sell” rating in a report on Saturday, December 13th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, SU Group has a consensus rating of “Sell”.

SU Group Price Performance

NASDAQ SUGP traded up $0.08 on Wednesday, reaching $6.08. The company’s stock had a trading volume of 60,210 shares, compared to its average volume of 178,181. SU Group has a twelve month low of $3.44 and a twelve month high of $26.60. The firm’s 50 day moving average is $6.50 and its two-hundred day moving average is $6.62.

About SU Group

SU Group Holdings Limited, through its subsidiaries, operates as an integrated security-related services company in Hong Kong and internationally. The company operates through two segments, Security-Related Engineering Services Business; and Security Guarding and Screening Services Business. It primarily provides security-related engineering, security guarding and screening, and related vocational training services. The company also engages in the design, supply, installation, maintenance, and testing and commissioning of various security systems.