SU Group Holdings Limited (NASDAQ:SUGP) Sees Significant Growth in Short Interest

SU Group Holdings Limited (NASDAQ:SUGP) was the target of a significant growth in short interest in the month of August. As of August 14th, there was short interest totaling 93,955 shares, a growth of 171.6% from the July 30th total of 34,595 shares. Based on an average daily volume of 609,649 shares, the short-interest ratio is currently 0.2 days. Approximately 10.6% of the shares of the company are sold short.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Weiss Ratings raised SU Group from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday. Wall Street Zen upgraded SU Group to a “sell” rating in a research note on Saturday, July 4th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

SU Group Price Performance

NASDAQ SUGP opened at $0.80 on Friday. SU Group has a 12 month low of $0.78 and a 12 month high of $55.00. The stock’s 50 day moving average is $2.73 and its 200 day moving average is $14.38.

About SU Group

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.