SGS SA (OTCMKTS:SGSOY) Short Interest Update

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 recipient of a large decline in short interest in August. As of August 31st, there was short interest totaling 10,300 shares, a decline of 48.5% from the August 15th total of 20,000 shares. Based on an average daily volume of 157,300 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company's stock are sold short. Currently, 0.0% of the company's stock are sold short. Based on an average daily volume of 157,300 shares, the days-to-cover ratio is currently 0.1 days.

SGS Stock Up 0.4%

SGSOY traded up $0.04 on Friday, reaching $10.27. The company's stock had a trading volume of 122,147 shares, compared to its average volume of 93,035. The stock has a 50 day moving average of $10.31 and a two-hundred day moving average of $10.06. SGS has a fifty-two week low of $8.42 and a fifty-two week high of $11.54. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.01 and a current ratio of 1.13.

Analyst Ratings Changes

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

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.