Short Interest in Intertek Gp (OTCMKTS:IKTSY) Declines By 69.6%

Intertek Gp (OTCMKTS:IKTSY) was the recipient of a significant decline in short interest in March. As of March 13th, there was short interest totaling 6,500 shares, a decline of 69.6% from the February 26th total of 21,406 shares. Based on an average trading volume of 60,293 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 60,293 shares, the days-to-cover ratio is presently 0.1 days.

Analyst Ratings Changes

Separately, BNP Paribas Exane raised shares of Intertek Gp to a “hold” rating in a research note on Monday, January 5th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Intertek Gp has an average rating of “Hold”.

Intertek Gp Stock Up 2.0%

IKTSY traded up $0.95 on Wednesday, reaching $49.55. 847 shares of the company traded hands, compared to its average volume of 22,974. The stock’s 50 day moving average price is $58.31 and its 200-day moving average price is $62.22. Intertek Gp has a 52-week low of $47.35 and a 52-week high of $68.65. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.31 and a current ratio of 1.34.

About Intertek Gp

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.