SGS SA (OTCMKTS:SGSOY) Short Interest Down 51.3% in July

SGS SA (OTCMKTS:SGSOY) was the recipient of a significant drop in short interest in July. As of July 15th, there was short interest totaling 38,889 shares, a drop of 51.3% from the June 30th total of 79,844 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 103,564 shares, the days-to-cover ratio is presently 0.4 days.

Analysts Set New Price Targets

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

SGS Stock Performance

Shares of SGSOY stock opened at $11.54 on Tuesday. SGS has a 12 month low of $9.86 and a 12 month high of $12.76. The company has a debt-to-equity ratio of 3.52, a quick ratio of 1.32 and a current ratio of 1.44. The company’s fifty day moving average price is $11.39 and its 200-day moving average price is $11.43.

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.