SU Group Holdings Limited (NASDAQ:SUGP) Short Interest Up 102.6% in June

SU Group Holdings Limited (NASDAQ:SUGP) was the target of a significant increase in short interest in the month of June. As of June 30th, there was short interest totaling 225,073 shares, an increase of 102.6% from the June 15th total of 111,107 shares. Based on an average daily volume of 27,923,016 shares, the short-interest ratio is presently 0.0 days. Currently, 5.0% of the company’s shares are short sold.

SU Group Stock Down 4.6%

SUGP traded down $0.03 on Wednesday, reaching $0.53. The stock had a trading volume of 234,394 shares, compared to its average volume of 3,594,570. The business’s 50-day moving average price is $1.84 and its two-hundred day moving average price is $4.18. SU Group has a 12-month low of $0.51 and a 12-month high of $11.90.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wall Street Zen upgraded SU Group to a “sell” rating in a research note on Saturday, July 4th. Weiss Ratings reiterated a “sell (d)” rating on shares of SU Group in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has an average rating of “Sell”.

SU Group Company Profile

SU Group Holdings Limited, through its subsidiaries, operates as an integrated security-related services company in Hong Kong and internationally. The company operates through two segments, Security-Related Engineering Services Business; and Security Guarding and Screening Services Business. It primarily provides security-related engineering, security guarding and screening, and related vocational training services. The company also engages in the design, supply, installation, maintenance, and testing and commissioning of various security systems.