Intertek Gp (OTCMKTS:IKTSY) Short Interest Down 97.1% in July

Intertek Gp (OTCMKTS:IKTSYGet Free Report) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 47 shares, a decrease of 97.1% from the June 30th total of 1,623 shares. Based on an average daily trading volume, of 25,561 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

Intertek Gp Stock Performance

Shares of IKTSY stock traded down $1.15 on Friday, reaching $77.26. 1,516 shares of the stock were exchanged, compared to its average volume of 9,664. The company has a current ratio of 1.08, a quick ratio of 1.06 and a debt-to-equity ratio of 1.03. The firm has a 50 day moving average of $76.01 and a two-hundred day moving average of $65.24. Intertek Gp has a 1-year low of $47.35 and a 1-year high of $79.56.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on IKTSY. Jefferies Financial Group lowered Intertek Gp from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Kepler Capital Markets raised shares of Intertek Gp to a “hold” rating in a research note on Monday, May 18th. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Intertek Gp presently has an average rating of “Hold”.

Read Our Latest Report on IKTSY

About Intertek Gp

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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.

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