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

Key Points

• Short interest surged 236.5% — short interest rose to 21,406 shares as of Feb. 27 from 6,362 shares on Feb. 12, yielding a days-to-cover ratio of about 0.4 days based on average volume.
• Shares traded at $52.07 and are trading below the 50-day ($60.97) and 200-day ($63.27) moving averages, near the 52-week low of $51.39 (52-week high $68.65).
• BNP Paribas Exane assigned a "Hold" rating and the consensus analyst rating on MarketBeat is currently an average "Hold."

Intertek Gp (OTCMKTS:IKTSY - Get Free Report) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 21,406 shares, an increase of 236.5% from the February 12th total of 6,362 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 55,878 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 55,878 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the shares of the stock are short sold.

Intertek Gp Price Performance

Shares of IKTSY traded up $0.04 during mid-day trading on Wednesday, reaching $52.07. The stock had a trading volume of 5,064 shares, compared to its average volume of 18,707. The company has a current ratio of 1.34, a quick ratio of 1.31 and a debt-to-equity ratio of 0.94. The business's fifty day moving average is $60.97 and its 200 day moving average is $63.27. Intertek Gp has a 52-week low of $51.39 and a 52-week high of $68.65.

Wall Street Analyst Weigh In

Separately, BNP Paribas Exane raised shares of Intertek Gp to a "hold" rating in a report on Monday, January 5th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of "Hold".

About Intertek Gp

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.

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