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

SGS SA (OTCMKTS:SGSOY) was the recipient of a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 18,519 shares, a decrease of 59.4% from the August 15th total of 45,633 shares. Based on an average trading volume of 91,045 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

SGS Stock Down 0.9%

OTCMKTS:SGSOY opened at $11.25 on Friday. SGS has a 1 year low of $10.02 and a 1 year high of $12.76. The company has a debt-to-equity ratio of 3.52, a current ratio of 1.44 and a quick ratio of 1.32. The stock has a 50-day moving average price of $11.61 and a two-hundred day moving average price of $11.33.

Wall Street Analyst Weigh In

Several brokerages have weighed in on SGSOY. Royal Bank Of Canada reissued a “sector perform” rating on shares of SGS in a report on Monday, July 27th. Kepler Capital Markets raised shares of SGS to a “strong-buy” rating in a research note on Monday, May 18th. Oddo Bhf upgraded shares of SGS to an “outperform” rating in a research report on Tuesday, May 26th. Finally, Citigroup restated a “buy” rating on shares of SGS in a report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, SGS presently has a consensus rating of “Hold”.

SGS Company Profile

SGS SA is a Switzerland-based testing, inspection and certification company serving businesses, governments and other organizations worldwide. The company helps clients assess the quality, safety, performance and compliance of products, services and processes through independent verification and technical expertise.

Its services include laboratory testing, inspection, certification, auditing, consulting and related training. SGS supports a broad range of industries, including agriculture and food, consumer products, energy and natural resources, industrial manufacturing, transportation, pharmaceuticals and healthcare, construction, connectivity and sustainability.