Johnson Service Group PLC (OTCMKTS:JSVGF) Sees Significant Decline in Short Interest

Johnson Service Group PLC (OTCMKTS:JSVGF) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 3,879 shares, a decrease of 70.0% from the June 15th total of 12,928 shares. Based on an average daily volume of 0 shares, the days-to-cover ratio is currently ∞ days.

Johnson Service Group Price Performance

Shares of OTCMKTS:JSVGF remained flat at $1.95 on Monday. The firm has a 50-day moving average of $1.90 and a 200 day moving average of $1.88. Johnson Service Group has a 12-month low of $1.70 and a 12-month high of $2.05.

Analysts Set New Price Targets

Separately, BNP Paribas Exane assumed coverage on Johnson Service Group in a research report on Monday, April 27th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Johnson Service Group Company Profile

Johnson Service Group PLC, together with its subsidiaries, provides textile rental and related services in the United Kingdom. The company operates through two segments, Workwear; and Hotel, Restaurants and Catering. The Workwear segment supplies workwear garments and protective wear, and workplace hygiene services under the Johnsons Workwear brands, as well as provides laundering services. The Hotel, Restaurants and Catering segment offers linen services, including table linen, napkins, and chefs wear to the restaurant, catering, and hospitality market through the Afonwen, PLS, Stalbridge, South West Laundry, London Linen, and Fresh Linen brands.