Intertek Gp (OTCMKTS:IKTSY) Short Interest Down 60.4% in June

Intertek Gp (OTCMKTS:IKTSY) saw a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 1,623 shares, a decrease of 60.4% from the June 15th total of 4,099 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 10,510 shares, the days-to-cover ratio is currently 0.2 days.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets raised Intertek Gp to a “hold” rating in a research note on Monday, May 18th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Intertek Gp currently has a consensus rating of “Hold”.

Intertek Gp Price Performance

OTCMKTS IKTSY traded up $1.45 on Tuesday, reaching $77.66. The company had a trading volume of 22,022 shares, compared to its average volume of 16,867. The company has a quick ratio of 1.06, a current ratio of 1.08 and a debt-to-equity ratio of 1.03. Intertek Gp has a 1 year low of $47.35 and a 1 year high of $79.56. The firm has a 50-day moving average of $74.83 and a 200-day moving average of $64.33.

About Intertek Gp

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.