Short Interest in Intertek Gp (OTCMKTS:IKTSY) Rises By 102.8%

Intertek Gp (OTCMKTS:IKTSY) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 73 shares, an increase of 102.8% from the July 30th total of 36 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average trading volume of 5,271 shares, the short-interest ratio is presently 0.0 days.

Intertek Gp Price Performance

Shares of Intertek Gp stock opened at $78.99 on Monday. Intertek Gp has a 1 year low of $47.35 and a 1 year high of $79.79. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.06 and a current ratio of 1.08. The business has a 50-day moving average of $78.16 and a two-hundred day moving average of $68.23.

Analysts Set New Price Targets

IKTSY has been the subject of several recent research reports. Kepler Capital Markets raised Intertek Gp to a “hold” rating in a report on Monday, May 18th. Jefferies Financial Group cut shares of Intertek Gp from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 20th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

About Intertek Gp

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.