SU Group Holdings Limited (NASDAQ:SUGP) Short Interest Update

SU Group Holdings Limited (NASDAQ:SUGP) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 93,955 shares, an increase of 171.6% from the July 30th total of 34,595 shares. Currently, 10.6% of the shares of the company are sold short. Based on an average trading volume of 609,649 shares, the short-interest ratio is presently 0.2 days.

SU Group Trading Down 10.3%

Shares of SUGP stock traded down $0.09 during mid-day trading on Friday, reaching $0.80. The stock had a trading volume of 885,404 shares, compared to its average volume of 4,252,866. SU Group has a 12-month low of $0.78 and a 12-month high of $55.00. The business has a 50-day simple moving average of $2.73 and a 200 day simple moving average of $14.38.

Wall Street Analyst Weigh In

Several analysts have recently commented on SUGP shares. Wall Street Zen raised SU Group to a “sell” rating in a report on Saturday, July 4th. Weiss Ratings upgraded SU Group from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company 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.