Short Interest in SGS SA (OTCMKTS:SGSOY) Rises By 37.2%

SGS SA (OTCMKTS:SGSOY) saw a significant growth in short interest in December. As of December 15th, there was short interest totaling 20,033 shares, a growth of 37.2% from the November 30th total of 14,604 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 99,321 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 99,321 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

SGS Stock Performance

OTCMKTS:SGSOY opened at $11.46 on Tuesday. The company has a current ratio of 1.13, a quick ratio of 1.01 and a debt-to-equity ratio of 3.83. SGS has a 12-month low of $8.42 and a 12-month high of $11.62. The stock has a 50-day moving average price of $11.23 and a 200 day moving average price of $10.65.

Wall Street Analyst Weigh In

A number of brokerages have commented on SGSOY. Citigroup restated a “buy” rating on shares of SGS in a research report on Tuesday, October 28th. The Goldman Sachs Group raised shares of SGS from a “strong sell” rating to a “neutral” rating in a report on Thursday, October 9th. Finally, BNP Paribas raised shares of SGS from a “hold” rating to a “strong-buy” rating in a report on Friday, September 5th. Three equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, SGS has a consensus rating of “Buy”.

About SGS

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.