SGS SA (OTCMKTS:SGSOY) Sees Large Growth in Short Interest

SGS SA (OTCMKTS:SGSOY) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 20,033 shares, an increase of 37.2% from the November 30th total of 14,604 shares. Based on an average daily volume of 99,321 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 99,321 shares, the days-to-cover ratio is presently 0.2 days.

SGS Trading Down 0.6%

SGS stock opened at $11.39 on Wednesday. SGS has a 1 year low of $8.42 and a 1 year high of $11.63. The firm’s 50 day moving average price is $11.24 and its 200-day moving average price is $10.66. The company has a current ratio of 1.13, a quick ratio of 1.01 and a debt-to-equity ratio of 3.83.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. The Goldman Sachs Group upgraded SGS from a “strong sell” rating to a “neutral” rating in a research report on Thursday, October 9th. Citigroup reiterated a “buy” rating on shares of SGS in a research report on Tuesday, October 28th. Finally, BNP Paribas upgraded shares of SGS from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 5th. Three analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy”.

SGS Company Profile

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.