Short Interest in SU Group Holdings Limited (NASDAQ:SUGP) Drops By 70.1%

SU Group Holdings Limited (NASDAQ:SUGP) saw a large decrease in short interest in July. As of July 15th, there was short interest totaling 67,190 shares, a decrease of 70.1% from the June 30th total of 225,073 shares. Based on an average trading volume of 8,653,007 shares, the short-interest ratio is currently 0.0 days. Currently, 1.5% of the company’s stock are sold short.

SU Group Trading Down 1.2%

Shares of SU Group stock opened at $0.48 on Friday. The company has a 50-day simple moving average of $1.29 and a two-hundred day simple moving average of $3.88. SU Group has a one year low of $0.42 and a one year high of $11.00.

Analyst Ratings Changes

SUGP has been the topic of a number of research reports. Wall Street Zen raised shares of SU Group to a “sell” rating in a research report on Saturday, July 4th. Weiss Ratings reiterated a “sell (d)” rating on shares of SU Group in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, SU Group presently has an average rating of “Sell”.

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.