SGS SA (OTCMKTS:SGSOY) Short Interest Down 48.5% in August

Key Points

• SGS SA experienced a significant decline in short interest, dropping by 48.5% in August, leaving a total of 10,300 shares short as of August 31st.
• Equities analysts have recently upgraded their ratings for SGS, with multiple institutions assigning it a "Strong Buy" rating, signaling renewed confidence in the company's prospects.
• The company's stock is currently trading at $10.70, reflecting an increase of 0.9% in midday trading, with a fifty-day moving average of $10.30.

SGS SA (OTCMKTS:SGSOY - Get Free Report) was the target of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 10,300 shares, a drop of 48.5% from the August 15th total of 20,000 shares. Based on an average trading volume of 157,300 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average trading volume of 157,300 shares, the short-interest ratio is presently 0.1 days.

Analysts Set New Price Targets

Several equities analysts have commented on SGSOY shares. Royal Bank Of Canada raised shares of SGS from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 8th. Sanford C. Bernstein raised shares of SGS to a "strong-buy" rating in a research note on Friday, June 27th. BNP Paribas raised shares of SGS from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 5th. Finally, Berenberg Bank raised shares of SGS from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 11th. Three investment analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Strong Buy".

SGS Trading Up 0.9%

SGSOY traded up $0.10 during midday trading on Friday, hitting $10.70. 78,135 shares of the company's stock traded hands, compared to its average volume of 75,979. The stock's fifty day simple moving average is $10.30 and its 200-day simple moving average is $10.06. The company has a debt-to-equity ratio of 3.08, a current ratio of 1.13 and a quick ratio of 1.01. SGS has a one year low of $8.42 and a one year high of $11.54.

SGS Company Profile

SGS SA provides inspection, testing, and verification services in Europe, Africa, the Middle East, the Americas, and the Asia Pacific. It operates in five segments: Connectivity & Products, Health & Nutrition, Industries & Environment, Natural Resources, and Business Assurance. The company provides laboratory testing, product inspection and consulting, process assessment, technical and transactional assistance; and automotive, connectivity, softlines and accessories, and hardgoods, toys, and juvenile products, as well as government and trade facilitation services.

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