Intertek Gp (OTCMKTS:IKTSY) Sees Large Decrease in Short Interest

Intertek Gp (OTCMKTS:IKTSY) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 1,681 shares, a drop of 64.6% from the May 14th total of 4,745 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 13,096 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets upgraded Intertek Gp to a “hold” rating in a research note on Monday, May 18th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Intertek Gp presently has an average rating of “Hold”.

Intertek Gp Trading Up 1.4%

Shares of OTCMKTS IKTSY opened at $76.50 on Friday. Intertek Gp has a fifty-two week low of $47.35 and a fifty-two week high of $77.18. The company has a quick ratio of 1.06, a current ratio of 1.08 and a debt-to-equity ratio of 1.03. The firm’s 50-day simple moving average is $67.20 and its 200 day simple moving average is $62.07.

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.