Short Interest in SGS SA (OTCMKTS:SGSOY) Increases By 287.6%

SGS SA (OTCMKTS:SGSOY) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 39,034 shares, a growth of 287.6% from the December 31st total of 10,070 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 146,387 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 146,387 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SGSOY shares. Morgan Stanley lowered shares of SGS from an “equal weight” rating to a “cautious” rating in a research note on Tuesday, January 6th. The Goldman Sachs Group upgraded shares of SGS from a “strong sell” rating to a “neutral” rating in a report on Thursday, October 9th. Finally, Citigroup reiterated a “buy” rating on shares of SGS in a research note on Tuesday, October 28th. Three analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

SGS Stock Performance

OTCMKTS:SGSOY opened at $12.34 on Wednesday. SGS has a 1 year low of $8.42 and a 1 year high of $12.35. The company has a debt-to-equity ratio of 3.83, a quick ratio of 1.01 and a current ratio of 1.13. The stock’s fifty day moving average price is $11.44 and its two-hundred day moving average price is $10.88.

SGS Company Profile

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.