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

Key Points

• Intertek saw a 229.3% increase in short interest, rising to 19,638 shares as of April 15 from 5,963 on March 31, with a days-to-cover ratio of 0.5 based on average daily volume of 38,866 shares.
• BNP Paribas Exane raised Intertek to a “Hold” rating on January 5, and the stock carries a consensus rating of Hold (one analyst).
• Shares traded down to $65.31 (‑0.2%) on Friday on light volume (5,369 vs. average 16,407), trading within a 52‑week range of $47.35–$69.02 with 50‑ and 200‑day SMAs at $55.50 and $60.80 respectively.

Intertek Gp (OTCMKTS:IKTSY - Get Free Report) saw a significant growth in short interest in April. As of April 15th, there was short interest totaling 19,638 shares, a growth of 229.3% from the March 31st total of 5,963 shares. Based on an average trading volume of 38,866 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.0% of the company's stock are sold short.

Analyst Ratings Changes

Separately, BNP Paribas Exane raised shares of Intertek Gp to a "hold" rating in a research report on Monday, January 5th. One analyst has rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of "Hold".

Intertek Gp Stock Down 0.2%

OTCMKTS IKTSY traded down $0.13 during trading hours on Friday, hitting $65.31. The company had a trading volume of 5,369 shares, compared to its average volume of 16,407. Intertek Gp has a fifty-two week low of $47.35 and a fifty-two week high of $69.02. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.08 and a quick ratio of 1.06. The business has a fifty day simple moving average of $55.50 and a 200-day simple moving average of $60.80.

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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