SU Group Holdings Limited (NASDAQ:SUGP) Short Interest Down 72.8% in April

SU Group Holdings Limited (NASDAQ:SUGP) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totaling 5,181 shares, a decline of 72.8% from the April 15th total of 19,070 shares. Based on an average daily volume of 4,958 shares, the short-interest ratio is presently 1.0 days. Approximately 0.4% of the shares of the company are sold short.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of SU Group in a research report on Tuesday, April 21st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

SU Group Stock Performance

SUGP stock traded up $0.56 during trading on Wednesday, hitting $3.76. The company had a trading volume of 20,066 shares, compared to its average volume of 47,828. SU Group has a 1-year low of $2.78 and a 1-year high of $18.40. The firm has a 50-day moving average price of $4.84 and a 200-day moving average price of $5.65.

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.