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

SGS SA (OTCMKTS:SGSOY) saw a large drop in short interest in February. As of February 13th, there was short interest totaling 32,212 shares, a drop of 49.2% from the January 29th total of 63,427 shares. Based on an average daily volume of 197,356 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 197,356 shares, the short-interest ratio is currently 0.2 days.

SGS Trading Up 1.4%

OTCMKTS SGSOY opened at $12.39 on Friday. The stock’s 50-day moving average price is $11.90 and its two-hundred day moving average price is $11.16. The company has a debt-to-equity ratio of 3.83, a quick ratio of 1.01 and a current ratio of 1.13. SGS has a 1 year low of $8.42 and a 1 year high of $12.58.

Wall Street Analyst Weigh In

A number of analysts recently commented on SGSOY shares. Morgan Stanley downgraded shares of SGS from an “equal weight” rating to a “cautious” rating in a report on Tuesday, January 6th. Citigroup restated a “buy” rating on shares of SGS in a report on Tuesday, February 17th. Three research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, SGS currently 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.