SGS SA (OTCMKTS:SGSOY) Sees Large Increase in Short Interest

SGS SA (OTCMKTS:SGSOY) was the target of a large increase in short interest in August. As of August 14th, there was short interest totaling 45,633 shares, an increase of 92.6% from the July 30th total of 23,692 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 63,034 shares, the days-to-cover ratio is currently 0.7 days.

SGS Stock Performance

OTCMKTS:SGSOY opened at $11.50 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.32 and a debt-to-equity ratio of 3.52. SGS has a 1 year low of $9.88 and a 1 year high of $12.76. The firm has a 50 day moving average of $11.64 and a 200-day moving average of $11.39.

Analysts Set New Price Targets

Several research firms have issued reports on SGSOY. Royal Bank Of Canada reiterated a “sector perform” rating on shares of SGS in a research note on Monday, July 27th. Oddo Bhf upgraded shares of SGS to an “outperform” rating in a research note on Tuesday, May 26th. Citigroup reaffirmed a “buy” rating on shares of SGS in a report on Monday, July 27th. Finally, Kepler Capital Markets upgraded shares of SGS to a “strong-buy” rating in a research report on Monday, May 18th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, SGS presently has an average rating of “Moderate Buy”.

About SGS

SGS SA is a Switzerland-based multinational company that provides inspection, verification, testing and certification services. Established in the late 19th century, SGS has grown into a global provider of conformity assessment services that help businesses manage risk, ensure quality and meet regulatory requirements across product lifecycles and supply chains. The company’s services are designed to verify that products, systems and processes meet specified standards and customer expectations.

Core activities include laboratory testing, on-site inspections, certification of management systems and product conformity, supply chain audits and technical verification.