SU Group Holdings Limited (NASDAQ:SUGP) Short Interest Update

SU Group Holdings Limited (NASDAQ:SUGP) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 163,026 shares, a growth of 43.5% from the December 31st total of 113,617 shares. Approximately 11.8% of the shares of the company are short sold. Based on an average trading volume of 233,522 shares, the days-to-cover ratio is presently 0.7 days. Based on an average trading volume of 233,522 shares, the days-to-cover ratio is presently 0.7 days. Approximately 11.8% of the shares of the company are short sold.

SU Group Trading Up 4.9%

Shares of SUGP opened at $6.02 on Friday. SU Group has a twelve month low of $3.44 and a twelve month high of $18.40. The business’s 50-day moving average price is $6.13 and its 200-day moving average price is $6.56.

Analysts Set New Price Targets

Several brokerages have commented on SUGP. Weiss Ratings reaffirmed a “sell (d)” rating on shares of SU Group in a research report on Thursday, January 22nd. Wall Street Zen upgraded shares of SU Group to a “sell” rating in a research note on Saturday, December 13th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, SU Group currently has an average rating of “Sell”.

About SU Group

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.