SGS SA (OTCMKTS:SGSOY) Short Interest Down 39.1% in July

SGS SA (OTCMKTS:SGSOY) was the target of a large decline in short interest in July. As of July 31st, there was short interest totaling 23,692 shares, a decline of 39.1% from the July 15th total of 38,889 shares. Based on an average daily trading volume, of 105,342 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

SGS Trading Down 0.8%

Shares of OTCMKTS SGSOY opened at $11.47 on Tuesday. The company has a quick ratio of 1.32, a current ratio of 1.44 and a debt-to-equity ratio of 3.52. SGS has a fifty-two week low of $9.88 and a fifty-two week high of $12.76. The firm’s 50-day simple moving average is $11.58 and its 200 day simple moving average is $11.42.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Oddo Bhf upgraded SGS to an “outperform” rating in a report on Tuesday, May 26th. Citigroup restated a “buy” rating on shares of SGS in a report on Monday, July 27th. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of SGS in a research report on Monday, July 27th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of SGS in a research report on Monday, April 27th. Finally, Kepler Capital Markets upgraded shares of SGS to a “strong-buy” rating in a research note on Monday, May 18th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, SGS 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.