INTERTEK GP (OTCMKTS:IKTSY) Sees Significant Drop in Short Interest

Key Points

• INTERTEK GP (OTCMKTS:IKTSY) experienced a significant decrease in short interest, falling by 40.6% in September to 3,800 shares.
• The company's stock recently traded at $67.68, with a trading volume of 2,778 shares compared to its average of 4,004.
• INTERTEK GP announced a dividend of $0.7045 per share, with an impressive yield of 312.0%, to be paid on October 22nd.

INTERTEK GP (OTCMKTS:IKTSY - ) was the target of a significant decline in short interest during the month of September. As of September 15th, there was short interest totaling 3,800 shares, a decline of 40.6% from the August 31st total of 6,400 shares. Based on an average daily volume of 6,800 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 6,800 shares, the short-interest ratio is currently 0.6 days.

INTERTEK GP Stock Performance

IKTSY stock traded up $1.94 during midday trading on Friday, hitting $67.68. The company's stock had a trading volume of 2,778 shares, compared to its average volume of 4,004. INTERTEK GP has a 1 year low of $51.96 and a 1 year high of $69.97. The stock's 50-day moving average price is $64.21 and its 200 day moving average price is $63.98. The company has a quick ratio of 1.31, a current ratio of 1.34 and a debt-to-equity ratio of 0.94.

INTERTEK GP Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, October 22nd. Investors of record on Monday, September 15th will be paid a $0.7045 dividend. This represents a yield of 312.0%. The ex-dividend date is Friday, September 12th.

About INTERTEK GP

Intertek Group plc engages in the provision of quality assurance solutions to various industries in the United Kingdom, the United States, China, Australia, and internationally. The company operates in five segments: Consumer Products, Corporate Assurance, Health and Safety, Industry and Infrastructure, and World of Energy.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.