INTERTEK GP (OTCMKTS:IKTSY) Short Interest Up 77.1% in August

Key Points

• Short interest in INTERTEK GP increased by 77.1% in August, rising from 3,500 shares to 6,200 shares as of August 15th.
• The company's stock price rose by 1.8%, reaching $64.67 on a recent trading day.
• INTERTEK GP announced a dividend of $0.7045 to be paid on October 22nd, representing a 312.0% yield.

INTERTEK GP (OTCMKTS:IKTSY - ) was the target of a significant growth in short interest in the month of August. As of August 15th, there was short interest totaling 6,200 shares, agrowthof77.1% from the July 31st total of 3,500 shares. Based on an average daily volume of 9,000 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 9,000 shares, the short-interest ratio is currently 0.7 days.

INTERTEK GP Stock Up 1.8%

OTCMKTS IKTSY traded up $1.17 on Friday, reaching $64.67. 4,110 shares of the company's stock traded hands, compared to its average volume of 2,692. The stock has a 50 day moving average price of $64.97 and a 200-day moving average price of $64.29. INTERTEK GP has a fifty-two week low of $51.96 and a fifty-two week high of $69.97. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 0.51.

INTERTEK GP Cuts Dividend

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

INTERTEK GP Company Profile

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.

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