SU Group Holdings Limited (NASDAQ:SUGP) Short Interest Up 445.1% in May

SU Group Holdings Limited (NASDAQ:SUGP) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 224,604 shares, an increase of 445.1% from the May 14th total of 41,205 shares. Based on an average daily trading volume, of 651,006 shares, the days-to-cover ratio is presently 0.3 days. Currently, 16.3% of the company’s stock are sold short.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of SU Group in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

SU Group Stock Up 11.5%

NASDAQ:SUGP traded up $0.12 during mid-day trading on Thursday, reaching $1.16. The stock had a trading volume of 950,679 shares, compared to its average volume of 809,199. SU Group has a 1-year low of $0.66 and a 1-year high of $18.40. The stock’s 50 day simple moving average is $3.72 and its two-hundred day simple moving average is $5.07.

SU Group Company Profile

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.