SU Group Holdings Limited (NASDAQ:SUGP) Short Interest Down 70.1% in July

SU Group Holdings Limited (NASDAQ:SUGP) was the recipient of a large decrease in short interest in July. As of July 15th, there was short interest totaling 67,190 shares, a decrease of 70.1% from the June 30th total of 225,073 shares. Based on an average daily volume of 8,653,007 shares, the days-to-cover ratio is presently 0.0 days. Currently, 1.5% of the shares of the stock are sold short.

SU Group Price Performance

Shares of SUGP stock traded down $0.01 on Monday, hitting $0.47. 3,135,494 shares of the company’s stock traded hands, compared to its average volume of 3,441,328. The company’s fifty day simple moving average is $1.29 and its 200 day simple moving average is $3.87. SU Group has a one year low of $0.42 and a one year high of $11.00.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on SUGP shares. Weiss Ratings reiterated a “sell (d)” rating on shares of SU Group in a research report on Friday, July 17th. Wall Street Zen upgraded SU Group to a “sell” rating in a research report on Saturday, July 4th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of “Sell”.

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.