SGS SA (OTCMKTS:SGSOY) Short Interest Update

Key Points

• SGS SA experienced a significant rise in short interest of 867.9% in July, with total short interest reaching 51,300 shares compared to 5,300 shares at the end of June.
• Several analysts have upgraded their ratings for SGS, with Sanford C. Bernstein and Berenberg Bank both issuing "strong-buy" ratings.
• SGS stock has fluctuated between a 52-week low of $8.42 and a high of $11.54, with the stock currently opening at $10.12.

SGS SA (OTCMKTS:SGSOY - Get Free Report) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totaling 51,300 shares, anincreaseof867.9% from the June 30th total of 5,300 shares. Based on an average trading volume of 111,000 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 111,000 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analyst Weigh In

SGSOY has been the subject of a number of analyst reports. Sanford C. Bernstein upgraded shares of SGS to a "strong-buy" rating in a report on Friday, June 27th. Royal Bank Of Canada raised SGS from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 8th. Finally, Berenberg Bank upgraded SGS from a "hold" rating to a "strong-buy" rating in a report on Friday, July 11th.

SGS Stock Down 0.5%

SGS stock traded down $0.05 during midday trading on Wednesday, hitting $10.15. 41,230 shares of the stock were exchanged, compared to its average volume of 95,812. The company has a quick ratio of 1.01, a current ratio of 1.13 and a debt-to-equity ratio of 3.08. SGS has a 52-week low of $8.42 and a 52-week high of $11.54. The business's 50-day moving average price is $10.28 and its 200-day moving average price is $10.02.

About SGS

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.