SGS SA (OTCMKTS:SGSOY) Short Interest Down 51.3% in July

SGS SA (OTCMKTS:SGSOY) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 38,889 shares, a decline of 51.3% from the June 30th total of 79,844 shares. Based on an average daily trading volume, of 103,564 shares, the short-interest ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are short sold.

Analysts Set New Price Targets

A number of equities analysts have commented on SGSOY shares. Royal Bank Of Canada reissued a “sector perform” rating on shares of SGS in a report on Monday. Kepler Capital Markets upgraded SGS to a “strong-buy” rating in a research report on Monday, May 18th. Citigroup reissued a “buy” rating on shares of SGS in a research note on Monday. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of SGS in a report on Monday, April 27th. Finally, Oddo Bhf raised shares of SGS to an “outperform” rating in a research note on Tuesday, May 26th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, SGS presently has a consensus rating of “Moderate Buy”.

SGS Price Performance

OTCMKTS SGSOY traded up $0.14 during trading hours on Thursday, hitting $11.96. 21,342 shares of the company’s stock traded hands, compared to its average volume of 92,647. The company has a quick ratio of 1.32, a current ratio of 1.44 and a debt-to-equity ratio of 3.52. SGS has a 52-week low of $9.86 and a 52-week high of $12.76. The firm’s 50-day moving average is $11.42 and its 200-day moving average is $11.43.

SGS Company Profile

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.