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SGS SA (OTCMKTS:SGSOY) Short Interest Update

SGS logo with Business Services background

Key Points

  • SGS SA experienced a significant decrease in short interest, dropping by 83.5% from 10,300 shares to 1,700 shares by September 15.
  • Analysts have a consensus rating of "Strong Buy" on SGS, with several upgrades from various banks indicating positive sentiment about the stock.
  • The current stock price for SGS is $10.35, with a 52-week range between $8.42 and $11.40.
  • Interested in SGS? Here are five stocks we like better.

SGS SA (OTCMKTS:SGSOY - Get Free Report) saw a significant decrease in short interest in September. As of September 15th, there was short interest totaling 1,700 shares, a decrease of 83.5% from the August 31st total of 10,300 shares. Based on an average daily trading volume, of 147,300 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily trading volume, of 147,300 shares, the days-to-cover ratio is currently 0.0 days.

Wall Street Analyst Weigh In

SGSOY has been the subject of a number of analyst reports. 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. Berenberg Bank raised shares of SGS from a "hold" rating to a "strong-buy" rating in a research note on Friday, July 11th. Finally, BNP Paribas raised shares of SGS from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 5th. Three research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, SGS has a consensus rating of "Strong Buy".

Check Out Our Latest Stock Analysis on SGS

SGS Trading Up 1.2%

OTCMKTS:SGSOY opened at $10.35 on Wednesday. The stock's 50 day moving average price is $10.28 and its 200 day moving average price is $10.08. SGS has a 52 week low of $8.42 and a 52 week high of $11.40. The company has a debt-to-equity ratio of 3.08, a quick ratio of 1.01 and a current ratio of 1.13.

About SGS

(Get Free Report)

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.

See Also

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