SU Group Holdings Limited (NASDAQ:SUGP) Shares Shorted: Short Interest Down 82.8% in October

SU Group Holdings Limited (NASDAQ:SUGP) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totaling 71,447 shares, a drop of 82.8% from the September 30th total of 415,768 shares. Based on an average trading volume of 631,021 shares, the days-to-cover ratio is currently 0.1 days. Approximately 4.8% of the shares of the company are sold short.

Analyst Upgrades and Downgrades

SUGP has been the topic of several recent research reports. Wall Street Zen raised shares of SU Group from a “sell” rating to a “hold” rating in a research note on Saturday, October 3rd. Weiss Ratings cut shares of SU Group from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, October 21st. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, SU Group presently has an average rating of “Sell”.

SU Group Trading Up 1.3%

SUGP traded up $0.02 during mid-day trading on Tuesday, hitting $1.61. The stock had a trading volume of 14,584 shares, compared to its average volume of 390,682. The stock’s fifty day simple moving average is $4.28 and its 200-day simple moving average is $80.09. SU Group has a 1-year low of $1.47 and a 1-year high of $291.00.

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

SU Group Company Profile

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.