SU Group Holdings Limited (NASDAQ:SUGP) Short Interest Up 445.1% in May

SU Group Holdings Limited (NASDAQ:SUGP) was the target of a significant increase in short interest in May. As of May 29th, there was short interest totaling 224,604 shares, an increase of 445.1% from the May 14th total of 41,205 shares. Currently, 16.3% of the company’s shares are short sold. Based on an average daily trading volume, of 651,006 shares, the days-to-cover ratio is presently 0.3 days.

SU Group Stock Performance

Shares of NASDAQ:SUGP traded down $0.05 during mid-day trading on Wednesday, hitting $0.95. 520,128 shares of the company traded hands, compared to its average volume of 788,469. SU Group has a 52-week low of $0.66 and a 52-week high of $18.40. The firm’s 50 day simple moving average is $3.80 and its 200 day simple moving average is $5.10.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of SU Group in a report on Tuesday, April 21st. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

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.