Short Interest in SU Group Holdings Limited (NASDAQ:SUGP) Declines By 48.5%

SU Group Holdings Limited (NASDAQ:SUGP) saw a significant decrease in short interest in July. As of July 31st, there was short interest totaling 34,595 shares, a decrease of 48.5% from the July 15th total of 67,190 shares. Approximately 3.9% of the company’s stock are short sold. Based on an average daily volume of 735,621 shares, the short-interest ratio is currently 0.0 days.

SU Group Stock Down 1.0%

NASDAQ SUGP opened at $1.98 on Friday. SU Group has a 1-year low of $1.16 and a 1-year high of $55.00. The firm’s fifty day simple moving average is $3.42 and its 200-day simple moving average is $16.33.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on SUGP shares. Weiss Ratings downgraded SU Group from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday. Wall Street Zen raised SU Group to a “sell” rating in a research note on Saturday, July 4th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

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.