Intertek Gp (OTCMKTS:IKTSY) Sees Large Decrease in Short Interest

Intertek Gp (OTCMKTS:IKTSY) saw a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 1,681 shares, a decrease of 64.6% from the May 14th total of 4,745 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 13,096 shares, the days-to-cover ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

Separately, Kepler Capital Markets raised Intertek Gp to a “hold” rating in a research note on Monday, May 18th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Intertek Gp presently has a consensus rating of “Hold”.

Intertek Gp Price Performance

Shares of IKTSY stock traded up $1.05 on Friday, reaching $76.50. The company had a trading volume of 1,983 shares, compared to its average volume of 18,328. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.06 and a current ratio of 1.08. The company has a 50-day moving average of $66.66 and a 200-day moving average of $61.96. Intertek Gp has a 12 month low of $47.35 and a 12 month high of $77.18.

Intertek Gp Company Profile

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.