SU Group Holdings Limited (NASDAQ:SUGP) Shares Shorted: Short Interest Up 658.1% in September

SU Group Holdings Limited (NASDAQ:SUGP) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 415,768 shares, an increase of 658.1% from the September 15th total of 54,846 shares. Currently, 279.0% of the company’s stock are short sold. Based on an average daily trading volume, of 8,685,525 shares, the short-interest ratio is currently 0.0 days.

SU Group Stock Down 7.1%

Shares of SUGP opened at $2.23 on Friday. The business’s 50-day moving average is $6.43 and its two-hundred day moving average is $53.39. SU Group has a fifty-two week low of $2.20 and a fifty-two week high of $314.70.

SU Group (NASDAQ:SUGP) last issued its earnings results on Tuesday, September 29th. The company reported ($5.58) EPS for the quarter. The firm had revenue of $5.51 million during the quarter.

Analyst Upgrades and Downgrades

SUGP has been the topic of several recent research reports. Wall Street Zen upgraded shares of SU Group from a “sell” rating to a “hold” rating in a report on Saturday, October 3rd. Weiss Ratings raised SU Group from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Sell rating. According to MarketBeat, the company has an average rating of “Sell”.

About SU Group

SU Group Holdings Limited (NASDAQ: SUGP) is a Hong Kong-based security services provider. Through its subsidiaries, the company offers integrated security solutions to customers in the commercial, residential, industrial and public sectors.

Its principal activities include security guarding services, security-system design and installation, and the sale and maintenance of security products. These solutions may include access-control systems, surveillance equipment, alarm systems and related technologies, along with on-site personnel and security management services.

SU Group serves customers primarily in Hong Kong and has developed its business around providing security support for properties, facilities and events.