Short Interest in Intertek Gp (OTCMKTS:IKTSY) Expands By 143.8%

Intertek Gp (OTCMKTS:IKTSY) was the recipient of a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 4,099 shares, an increase of 143.8% from the May 31st total of 1,681 shares. Based on an average daily volume of 6,979 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.0% of the shares of the company are short sold.

Intertek Gp Price Performance

OTCMKTS:IKTSY traded up $0.43 during trading hours on Monday, reaching $76.81. 1,705 shares of the company were exchanged, compared to its average volume of 17,217. The stock has a 50 day simple moving average of $72.12 and a 200 day simple moving average of $63.06. Intertek Gp has a 52-week low of $47.35 and a 52-week high of $77.52. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.06 and a current ratio of 1.08.

Wall Street Analyst Weigh In

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

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.