SU Group Holdings Limited (NASDAQ:SUGP) Sees Large Decline in Short Interest

SU Group Holdings Limited (NASDAQ:SUGP) saw a large drop in short interest in January. As of January 30th, there was short interest totaling 132,662 shares, a drop of 18.6% from the January 15th total of 163,026 shares. Based on an average daily trading volume, of 110,105 shares, the days-to-cover ratio is currently 1.2 days. Approximately 9.6% of the shares of the company are short sold. Approximately 9.6% of the shares of the company are short sold. Based on an average daily trading volume, of 110,105 shares, the days-to-cover ratio is currently 1.2 days.

SU Group Trading Down 7.4%

Shares of SU Group stock traded down $0.44 on Tuesday, hitting $5.50. 27,211 shares of the company’s stock were exchanged, compared to its average volume of 43,717. SU Group has a 1 year low of $3.44 and a 1 year high of $18.40. The company has a 50-day simple moving average of $6.09 and a 200-day simple moving average of $6.30.

Wall Street Analysts Forecast Growth

SUGP has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of SU Group to a “sell” rating in a research note on Saturday, December 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of SU Group in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

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.