Intertek Gp (OTCMKTS:IKTSY) Sees Significant Increase in Short Interest

Intertek Gp (OTCMKTS:IKTSYGet Free Report) was the recipient of a large increase in short interest in February. As of February 13th, there was short interest totaling 6,362 shares, an increase of 254.4% from the January 29th total of 1,795 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 49,933 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily volume of 49,933 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

Separately, BNP Paribas Exane upgraded Intertek Gp to a “hold” rating in a research report on Monday, January 5th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Intertek Gp has a consensus rating of “Hold”.

Read Our Latest Research Report on IKTSY

Intertek Gp Trading Up 1.6%

Shares of IKTSY traded up $1.02 during midday trading on Thursday, reaching $63.96. The company had a trading volume of 2,005 shares, compared to its average volume of 17,551. Intertek Gp has a 1-year low of $51.96 and a 1-year high of $69.97. The firm has a 50 day simple moving average of $62.18 and a 200-day simple moving average of $63.74. The company has a quick ratio of 1.31, a current ratio of 1.34 and a debt-to-equity ratio of 0.94.

About Intertek Gp

(Get Free Report)

INTERTEK GP (OTCMKTS: IKTSY) is a global provider of quality assurance, testing, inspection and certification services. The company helps clients across a broad spectrum of industries—ranging from oil and gas to consumer goods and electronics—ensure that their products, processes and operations meet regulatory, safety and performance standards. Its core offerings include laboratory testing, supply chain audits, conformity assessments and technical advisory services designed to support risk management and product integrity.

Intertek’s business is organized around four principal service lines: Assurance, Testing, Inspection and Certification.

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