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

Intertek Gp (OTCMKTS:IKTSY) saw a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 354 shares, a growth of 608.0% from the August 31st total of 50 shares. Based on an average trading volume of 2,321 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are short sold.

Intertek Gp Stock Performance

IKTSY opened at $77.63 on Friday. Intertek Gp has a 1-year low of $47.35 and a 1-year high of $80.35. The company’s fifty day moving average price is $78.66 and its two-hundred day moving average price is $70.74. 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, Jefferies Financial Group downgraded shares of Intertek Gp from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Intertek Gp currently has an average rating of “Hold”.

About Intertek Gp

Intertek Group plc is a global provider of quality assurance, testing, inspection and certification services. The company helps businesses assess the safety, quality, performance and regulatory compliance of products, materials, processes and facilities across a wide range of industries.

Its services include laboratory testing, product certification, supply-chain audits, industrial inspection, environmental analysis and assurance programs. Intertek serves sectors such as consumer products, food and agriculture, chemicals, pharmaceuticals, energy, transportation, construction and infrastructure, supporting customers from product development and manufacturing through distribution and market access.

Founded in 1885, Intertek has developed an international network of laboratories, offices and technical experts serving clients in markets around the world.