Short Interest in SGS SA (OTCMKTS:SGSOY) Rises By 181.7%

SGS SA (OTCMKTS:SGSOY) was the target of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 77,292 shares, a growth of 181.7% from the February 26th total of 27,441 shares. Based on an average daily trading volume, of 192,774 shares, the short-interest ratio is presently 0.4 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 trading volume, of 192,774 shares, the short-interest ratio is presently 0.4 days.

SGS Trading Up 0.6%

Shares of OTCMKTS:SGSOY traded up $0.06 during trading on Wednesday, hitting $10.74. 9,057 shares of the stock were exchanged, compared to its average volume of 97,074. The company has a debt-to-equity ratio of 3.52, a current ratio of 1.44 and a quick ratio of 1.32. The company has a fifty day moving average price of $11.89 and a two-hundred day moving average price of $11.34. SGS has a 12-month low of $8.42 and a 12-month high of $12.76.

Wall Street Analyst Weigh In

SGSOY has been the topic of several recent research reports. Morgan Stanley cut SGS from an “equal weight” rating to a “cautious” rating in a research report on Tuesday, January 6th. Citigroup reissued a “buy” rating on shares of SGS in a report on Tuesday, February 17th. Three investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

About SGS

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.