Short Interest in Intertek Gp (OTCMKTS:IKTSY) Declines By 69.6%

Intertek Gp (OTCMKTS:IKTSY) saw a large drop in short interest in March. As of March 13th, there was short interest totaling 6,500 shares, a drop of 69.6% from the February 26th total of 21,406 shares. Based on an average daily volume of 60,293 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are short sold. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 60,293 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analyst Weigh In

Separately, BNP Paribas Exane raised Intertek Gp to a “hold” rating in a research note on Monday, January 5th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

Intertek Gp Trading Up 2.0%

OTCMKTS IKTSY traded up $0.95 during trading on Wednesday, reaching $49.55. 847 shares of the company traded hands, compared to its average volume of 22,974. The stock’s 50 day moving average price is $58.31 and its two-hundred day moving average price is $62.22. The company has a quick ratio of 1.31, a current ratio of 1.34 and a debt-to-equity ratio of 0.94. Intertek Gp has a 1-year low of $47.35 and a 1-year high of $68.65.

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.