Intertek Group plc (OTCMKTS:IKTSF) Sees Significant Decrease in Short Interest

Intertek Group plc (OTCMKTS:IKTSF) was the recipient of a large decline in short interest during the month of April. As of April 15th, there was short interest totaling 79,561 shares, a decline of 17.9% from the March 31st total of 96,897 shares. Based on an average daily trading volume, of 3,333 shares, the days-to-cover ratio is currently 23.9 days.

Intertek Group Stock Down 1.0%

IKTSF stock traded down $0.64 on Thursday, hitting $66.00. 337 shares of the company’s stock were exchanged, compared to its average volume of 1,426. Intertek Group has a 12-month low of $45.86 and a 12-month high of $69.35. The firm has a 50 day moving average price of $56.77 and a two-hundred day moving average price of $61.24.

Intertek Group Company Profile

Intertek Group plc is a global assurance, inspection, testing and certification company headquartered in London. It provides a broad range of quality and safety services to industries ranging from consumer goods and retail to electronics, chemicals, oil and gas, pharmaceuticals, and transportation. Through its network of more than 1,000 laboratories and over 1,000 offices across more than 100 countries, Intertek helps clients manage risk, ensure regulatory compliance and improve product performance.

The company’s core services include analytical testing, mechanical and electrical testing, inspection and auditing, product certification, and advisory services.