SU Group Holdings Limited (NASDAQ:SUGP) Sees Significant Drop in Short Interest

SU Group Holdings Limited (NASDAQ:SUGP) saw a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 113,617 shares, a decrease of 32.0% from the December 15th total of 167,166 shares. Based on an average daily volume of 62,641 shares, the days-to-cover ratio is currently 1.8 days. Approximately 8.2% of the shares of the company are sold short. Approximately 8.2% of the shares of the company are sold short. Based on an average daily volume of 62,641 shares, the days-to-cover ratio is currently 1.8 days.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Weiss Ratings restated a “sell (d)” rating on shares of SU Group in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of SU Group to a “sell” rating in a research note on Saturday, December 13th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

SU Group Stock Down 1.8%

Shares of NASDAQ SUGP traded down $0.12 during mid-day trading on Friday, reaching $6.55. The company had a trading volume of 525,839 shares, compared to its average volume of 263,438. The business’s 50-day simple moving average is $6.13 and its 200 day simple moving average is $6.69. SU Group has a one year low of $3.44 and a one year high of $18.40.

SU Group Company Profile

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.