Intertek Gp (OTCMKTS:IKTSY) Sees Large Increase in Short Interest

Intertek Gp (OTCMKTS:IKTSY) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 6,362 shares, an increase of 254.4% from the January 29th total of 1,795 shares. Based on an average daily volume of 49,933 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are sold short. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 49,933 shares, the short-interest ratio is currently 0.1 days.

Intertek Gp Trading Up 0.6%

Shares of OTCMKTS IKTSY traded up $0.41 during midday trading on Friday, reaching $64.55. 7,483 shares of the company were exchanged, compared to its average volume of 25,610. The stock’s 50-day moving average price is $62.26 and its 200-day moving average price is $63.75. Intertek Gp has a one year low of $51.96 and a one year high of $69.97. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.31 and a current ratio of 1.34.

Analyst Upgrades and Downgrades

Separately, BNP Paribas Exane raised Intertek Gp to a “hold” rating in a report on Monday, January 5th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Intertek Gp 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.