Short Interest in SU Group Holdings Limited (NASDAQ:SUGP) Declines By 50.5%

SU Group Holdings Limited (NASDAQ:SUGP) saw a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 111,107 shares, a drop of 50.5% from the May 31st total of 224,604 shares. Currently, 8.1% of the shares of the company are short sold. Based on an average daily volume of 7,083,841 shares, the short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of SU Group in a research note on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

SU Group Trading Up 1.8%

Shares of SUGP traded up $0.02 during midday trading on Wednesday, hitting $0.86. The company’s stock had a trading volume of 441,426 shares, compared to its average volume of 3,122,127. SU Group has a one year low of $0.66 and a one year high of $18.40. The company’s fifty day simple moving average is $2.61 and its two-hundred day simple moving average is $4.56.

SU Group Company Profile

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.