Short Interest in SGS SA (OTCMKTS:SGSOY) Declines By 36.2%

SGS SA (OTCMKTS:SGSOY) was the recipient of a large decline in short interest in June. As of June 15th, there was short interest totaling 32,021 shares, a decline of 36.2% from the May 31st total of 50,153 shares. Based on an average daily trading volume, of 150,848 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

SGS Price Performance

Shares of SGS stock opened at $11.71 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.44 and a debt-to-equity ratio of 3.52. SGS has a 52-week low of $9.86 and a 52-week high of $12.76. The company has a 50-day simple moving average of $11.13 and a two-hundred day simple moving average of $11.40.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SGSOY. Oddo Bhf upgraded shares of SGS to an “outperform” rating in a research note on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of SGS in a research note on Monday, April 27th. Kepler Capital Markets upgraded shares of SGS to a “strong-buy” rating in a report on Monday, May 18th. Finally, Royal Bank Of Canada raised shares of SGS from an “underperform” rating to a “sector perform” rating in a research note on Tuesday, May 5th. Three research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

About SGS

SGS SA is a Switzerland-based multinational company that provides inspection, verification, testing and certification services. Established in the late 19th century, SGS has grown into a global provider of conformity assessment services that help businesses manage risk, ensure quality and meet regulatory requirements across product lifecycles and supply chains. The company’s services are designed to verify that products, systems and processes meet specified standards and customer expectations.

Core activities include laboratory testing, on-site inspections, certification of management systems and product conformity, supply chain audits and technical verification.