INTERTEK GP (OTCMKTS:IKTSY) Short Interest Update

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.

INTERTEK GP (OTCMKTS:IKTSY - ) was the recipient of a significant drop in short interest in July. As of July 31st, there was short interest totaling 3,500 shares, adropof61.1% from the July 15th total of 9,000 shares. Based on an average daily volume of 3,900 shares, the days-to-cover ratio is presently 0.9 days. Currently,0.0% of the shares of the stock are sold short. Currently,0.0% of the shares of the stock are sold short. Based on an average daily volume of 3,900 shares, the days-to-cover ratio is presently 0.9 days.

INTERTEK GP Price Performance

Shares of IKTSY stock traded up $2.34 on Friday, reaching $65.45. The company's stock had a trading volume of 1,996 shares, compared to its average volume of 3,432. The stock's fifty day simple moving average is $65.18 and its 200-day simple moving average is $64.39. INTERTEK GP has a 1 year low of $51.96 and a 1 year 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 Increases Dividend

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

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.

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