SU Group Holdings Limited (NASDAQ:SUGP) Sees Large Drop in Short Interest

SU Group Holdings Limited (NASDAQ:SUGP) was the target of a large decline in short interest in October. As of October 15th, there was short interest totaling 71,447 shares, a decline of 82.8% from the September 30th total of 415,768 shares. Based on an average daily volume of 631,021 shares, the short-interest ratio is currently 0.1 days. Currently, 4.8% of the company’s stock are sold short.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wall Street Zen upgraded SU Group from a “sell” rating to a “hold” rating in a research report on Saturday, October 3rd. Weiss Ratings cut SU Group from a “sell (d)” rating to a “sell (d-)” rating in a research note on Wednesday, October 21st. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company currently has an average rating of “Sell”.

SU Group Trading Up 1.3%

SUGP traded up $0.02 during trading on Tuesday, hitting $1.61. The company had a trading volume of 14,584 shares, compared to its average volume of 390,682. SU Group has a one year low of $1.47 and a one year high of $291.00. The firm’s 50-day moving average price is $4.28 and its 200 day moving average price is $80.09.

SU Group (NASDAQ:SUGP) last released its earnings results on Tuesday, September 29th. The company reported ($5.58) earnings per share (EPS) for the quarter. The business had revenue of $5.51 million during the quarter.

SU Group Company Profile

SU Group Holdings Limited (NASDAQ: SUGP) is a Hong Kong-based security services provider. Through its subsidiaries, the company offers integrated security solutions to customers in the commercial, residential, industrial and public sectors.

Its principal activities include security guarding services, security-system design and installation, and the sale and maintenance of security products. These solutions may include access-control systems, surveillance equipment, alarm systems and related technologies, along with on-site personnel and security management services.

SU Group serves customers primarily in Hong Kong and has developed its business around providing security support for properties, facilities and events.