SU Group Holdings Limited (NASDAQ:SUGP) Short Interest Up 445.1% in May

SU Group Holdings Limited (NASDAQ:SUGP) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 224,604 shares, a growth of 445.1% from the May 14th total of 41,205 shares. Currently, 16.3% of the shares of the stock are short sold. Based on an average daily volume of 651,006 shares, the days-to-cover ratio is presently 0.3 days.

SU Group Stock Down 4.6%

SUGP traded down $0.05 during trading on Wednesday, reaching $0.95. 520,128 shares of the stock were exchanged, compared to its average volume of 788,469. The business’s 50 day moving average price is $3.80 and its two-hundred day moving average price is $5.10. SU Group has a 1 year low of $0.66 and a 1 year high of $18.40.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of SU Group in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company 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.