SU Group Holdings Limited (NASDAQ:SUGP) Short Interest Up 695.3% in May

SU Group Holdings Limited (NASDAQ:SUGP) was the target of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 41,205 shares, an increase of 695.3% from the April 30th total of 5,181 shares. Approximately 3.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 20,137 shares, the days-to-cover ratio is currently 2.0 days.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of SU Group in a report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

SU Group Stock Down 9.2%

Shares of NASDAQ SUGP opened at $2.66 on Thursday. SU Group has a 12 month low of $2.57 and a 12 month high of $18.40. The business has a fifty day simple moving average of $4.52 and a 200-day simple moving average of $5.42.

About SU Group

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.