SU Group Holdings Limited (NASDAQ:SUGP) Short Interest Update

SU Group Holdings Limited (NASDAQ:SUGP) was the recipient of a large drop in short interest in December. As of December 31st, there was short interest totaling 113,617 shares, a drop of 32.0% from the December 15th total of 167,166 shares. Approximately 8.2% of the shares of the stock are sold short. Based on an average daily volume of 62,641 shares, the days-to-cover ratio is presently 1.8 days. Based on an average daily volume of 62,641 shares, the days-to-cover ratio is presently 1.8 days. Approximately 8.2% of the shares of the stock are sold short.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SUGP shares. Wall Street Zen raised SU Group to a “sell” rating in a report on Saturday, December 13th. Weiss Ratings reissued a “sell (d)” rating on shares of SU Group in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, SU Group presently has an average rating of “Sell”.

SU Group Price Performance

SUGP traded down $0.12 on Friday, reaching $6.55. The stock had a trading volume of 525,839 shares, compared to its average volume of 263,438. SU Group has a fifty-two week low of $3.44 and a fifty-two week high of $18.40. The firm has a 50-day moving average of $6.13 and a 200-day moving average of $6.69.

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.