SU Group Holdings Limited (NASDAQ:SUGP) Sees Large Growth in Short Interest

SU Group Holdings Limited (NASDAQ:SUGP) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totaling 225,073 shares, a growth of 102.6% from the June 15th total of 111,107 shares. Based on an average daily volume of 27,923,016 shares, the short-interest ratio is currently 0.0 days. Currently, 5.0% of the shares of the company are sold short.

SU Group Stock Performance

Shares of NASDAQ:SUGP opened at $0.50 on Friday. The business has a 50 day simple moving average of $1.69 and a two-hundred day simple moving average of $4.10. SU Group has a 1 year low of $0.50 and a 1 year high of $11.90.

Wall Street Analysts Forecast Growth

SUGP has been the subject of a number of research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of SU Group in a report on Tuesday, April 21st. Wall Street Zen upgraded SU Group to a “sell” rating in a research note on Saturday, July 4th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

About SU Group

SU Group Holdings Limited, through its subsidiaries, operates as an integrated security-related services company in Hong Kong and internationally. The company operates through two segments, Security-Related Engineering Services Business; and Security Guarding and Screening Services Business. It primarily provides security-related engineering, security guarding and screening, and related vocational training services. The company also engages in the design, supply, installation, maintenance, and testing and commissioning of various security systems.