Short Interest in SGS SA (OTCMKTS:SGSOY) Declines By 51.3%

SGS SA (OTCMKTS:SGSOY) saw a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 38,889 shares, a drop of 51.3% from the June 30th total of 79,844 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 103,564 shares, the short-interest ratio is currently 0.4 days.

SGS Stock Performance

OTCMKTS SGSOY opened at $11.54 on Tuesday. The company has a debt-to-equity ratio of 3.52, a quick ratio of 1.32 and a current ratio of 1.44. The stock’s 50-day simple moving average is $11.39 and its two-hundred day simple moving average is $11.43. SGS has a twelve month low of $9.86 and a twelve month high of $12.76.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Kepler Capital Markets raised shares of SGS to a “strong-buy” rating in a report on Monday, May 18th. Oddo Bhf raised SGS to an “outperform” rating in a report on Tuesday, May 26th. Citigroup reiterated a “buy” rating on shares of SGS in a research report on Monday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of SGS in a research note on Monday, April 27th. Finally, Royal Bank Of Canada reissued a “sector perform” rating on shares of SGS in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, SGS currently has an average 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.