Short Interest in SGS SA (OTCMKTS:SGSOY) Rises By 92.6%

SGS SA (OTCMKTS:SGSOY) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 45,633 shares, an increase of 92.6% from the July 30th total of 23,692 shares. Based on an average daily volume of 63,034 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.0% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SGSOY. Oddo Bhf upgraded shares of SGS to an “outperform” rating in a research note on Tuesday, May 26th. Kepler Capital Markets raised SGS to a “strong-buy” rating in a report on Monday, May 18th. Citigroup restated a “buy” rating on shares of SGS in a research report on Monday, July 27th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of SGS in a research note on Monday, July 27th. 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, SGS currently has a consensus rating of “Moderate Buy”.

SGS Stock Down 0.4%

OTCMKTS SGSOY opened at $11.45 on Tuesday. The company has a quick ratio of 1.32, a current ratio of 1.44 and a debt-to-equity ratio of 3.52. The stock’s 50 day moving average is $11.65 and its two-hundred day moving average is $11.38. SGS has a 1-year low of $9.88 and a 1-year high of $12.76.

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.