SGS SA (OTCMKTS:SGSOY) Short Interest Update

SGS SA (OTCMKTS:SGSOY) saw a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 18,519 shares, a drop of 59.4% from the August 15th total of 45,633 shares. Based on an average daily volume of 91,045 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Oddo Bhf raised SGS to an “outperform” rating in a research note on Tuesday, May 26th. Kepler Capital Markets upgraded shares of 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 report on Monday, July 27th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of SGS in a research report on Monday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

SGS Price Performance

Shares of OTCMKTS SGSOY opened at $11.25 on Monday. 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 12 month low of $10.02 and a 12 month high of $12.76. The business has a fifty day simple moving average of $11.61 and a 200-day simple moving average of $11.32.

SGS Company Profile

SGS SA is a Switzerland-based testing, inspection and certification company serving businesses, governments and other organizations worldwide. The company helps clients assess the quality, safety, performance and compliance of products, services and processes through independent verification and technical expertise.

Its services include laboratory testing, inspection, certification, auditing, consulting and related training. SGS supports a broad range of industries, including agriculture and food, consumer products, energy and natural resources, industrial manufacturing, transportation, pharmaceuticals and healthcare, construction, connectivity and sustainability.