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INTERTEK GP (OTCMKTS:IKTSY) Sees Large Decline in Short Interest

INTERTEK GP logo with Business Services background

Key Points

  • Short interest for INTERTEK GP significantly dropped by 61.1% in July, with total shares short at only 3,500 as of July 31st, indicating a potentially bullish sentiment among investors.
  • INTERTEK GP increased its dividend to $1.2528 per share, representing a substantial dividend yield of 296.0%, up from the previous $0.66 dividend.
  • The company's stock reached a price of $65.45, with its 1-year high being $69.97, showcasing stable price performance in the market.
  • MarketBeat previews top five stocks to own in October.

INTERTEK GP (OTCMKTS:IKTSY - Get Free Report) was the target of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 3,500 shares, adecreaseof61.1% from the July 15th total of 9,000 shares. Approximately0.0% of the company's shares are short sold. Based on an average daily volume of 3,900 shares, the short-interest ratio is presently 0.9 days. Based on an average daily volume of 3,900 shares, the short-interest ratio is presently 0.9 days. Approximately0.0% of the company's shares are short sold.

INTERTEK GP Stock Performance

Shares of IKTSY traded down $1.55 during mid-day trading on Thursday, hitting $63.79. 2,026 shares of the company's stock traded hands, compared to its average volume of 3,378. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.10 and a quick ratio of 1.09. The business's 50-day moving average price is $65.08 and its 200-day moving average price is $64.40. INTERTEK GP has a 1 year low of $51.96 and a 1 year high of $69.97.

INTERTEK GP Increases Dividend

The company also recently announced a dividend, which was paid on Monday, July 7th. Shareholders of record on Monday, June 2nd were issued a dividend of $1.2528 per share. This is a positive change from INTERTEK GP's previous dividend of $0.66. The ex-dividend date was Friday, May 30th. This represents a dividend yield of 296.0%.

About INTERTEK GP

(Get Free Report)

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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