Intertek Gp (OTCMKTS:IKTSY) Sees Large Growth in Short Interest

Intertek Gp (OTCMKTS:IKTSY) was the target of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 5,182 shares, a growth of 73.9% from the December 31st total of 2,980 shares. Based on an average trading volume of 13,917 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company’s shares are short sold. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 13,917 shares, the short-interest ratio is presently 0.4 days.

Analysts Set New Price Targets

Separately, BNP Paribas Exane raised shares of Intertek Gp to a “hold” rating in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Intertek Gp Stock Down 0.7%

IKTSY traded down $0.43 on Friday, reaching $61.43. 5,000 shares of the company traded hands, compared to its average volume of 7,421. The company has a current ratio of 1.34, a quick ratio of 1.31 and a debt-to-equity ratio of 0.94. Intertek Gp has a one year low of $51.96 and a one year high of $69.97. The firm has a fifty day simple moving average of $62.24 and a two-hundred day simple moving average of $64.17.

About Intertek Gp

INTERTEK GP (OTCMKTS: IKTSY) is a global provider of quality assurance, testing, inspection and certification services. The company helps clients across a broad spectrum of industries—ranging from oil and gas to consumer goods and electronics—ensure that their products, processes and operations meet regulatory, safety and performance standards. Its core offerings include laboratory testing, supply chain audits, conformity assessments and technical advisory services designed to support risk management and product integrity.

Intertek’s business is organized around four principal service lines: Assurance, Testing, Inspection and Certification.