SGS SA (OTCMKTS:SGSOY) Sees Large Growth in Short Interest

SGS SA (OTCMKTS:SGSOY) was the target of a large growth in short interest in August. As of August 14th, there was short interest totaling 45,633 shares, a growth of 92.6% from the July 30th total of 23,692 shares. Based on an average trading volume of 63,034 shares, the short-interest ratio is currently 0.7 days. Approximately 0.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Several brokerages have commented on SGSOY. Citigroup reiterated a “buy” rating on shares of SGS in a research note on Monday, July 27th. Royal Bank Of Canada restated a “sector perform” rating on shares of SGS in a research report on Monday, July 27th. Kepler Capital Markets upgraded shares of SGS to a “strong-buy” rating in a report on Monday, May 18th. Finally, Oddo Bhf raised shares of SGS to an “outperform” rating in a research report on Tuesday, May 26th. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, SGS currently has an average rating of “Moderate Buy”.

SGS Stock Performance

Shares of OTCMKTS SGSOY traded down $0.05 during trading hours on Monday, reaching $11.45. The stock had a trading volume of 259,349 shares, compared to its average volume of 87,912. The company has a quick ratio of 1.32, a current ratio of 1.44 and a debt-to-equity ratio of 3.52. SGS has a fifty-two week low of $9.88 and a fifty-two week high of $12.76. The firm has a 50-day moving average of $11.64 and a 200-day moving average of $11.38.

About SGS

SGS SA is a Switzerland-based multinational company that provides inspection, verification, testing and certification services. Established in the late 19th century, SGS has grown into a global provider of conformity assessment services that help businesses manage risk, ensure quality and meet regulatory requirements across product lifecycles and supply chains. The company’s services are designed to verify that products, systems and processes meet specified standards and customer expectations.

Core activities include laboratory testing, on-site inspections, certification of management systems and product conformity, supply chain audits and technical verification.