Short Interest in SGS SA (OTCMKTS:SGSOY) Drops By 36.2%

SGS SA (OTCMKTS:SGSOY) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 32,021 shares, a decrease of 36.2% from the May 31st total of 50,153 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average trading volume of 150,848 shares, the short-interest ratio is presently 0.2 days.

SGS Stock Down 0.3%

Shares of SGS stock opened at $11.54 on Thursday. The company has a current ratio of 1.44, a quick ratio of 1.32 and a debt-to-equity ratio of 3.52. The company has a 50-day simple moving average of $11.11 and a two-hundred day simple moving average of $11.39. SGS has a one year low of $9.86 and a one year high of $12.76.

Analyst Ratings Changes

Several brokerages have weighed in on SGSOY. Royal Bank Of Canada upgraded SGS from an “underperform” rating to a “sector perform” rating in a report on Tuesday, May 5th. Oddo Bhf upgraded SGS to an “outperform” rating in a research note on Tuesday, May 26th. Kepler Capital Markets upgraded SGS to a “strong-buy” rating in a report on Monday, May 18th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of SGS in a report on Monday, April 27th. Three investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, SGS currently has a consensus rating of “Moderate Buy”.

SGS Company Profile

SGS SA is a Switzerland-based multinational company that provides inspection, verification, testing and certification services. Established in the late 19th century, SGS has grown into a global provider of conformity assessment services that help businesses manage risk, ensure quality and meet regulatory requirements across product lifecycles and supply chains. The company’s services are designed to verify that products, systems and processes meet specified standards and customer expectations.

Core activities include laboratory testing, on-site inspections, certification of management systems and product conformity, supply chain audits and technical verification.