SGS SA (OTCMKTS:SGSOY) Short Interest Up 2,100.0% in December

SGS SA (OTCMKTS:SGSOY) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 132,000 shares, an increase of 2,100.0% from the December 15th total of 6,000 shares. Based on an average trading volume of 282,100 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. BNP Paribas upgraded shares of SGS to a “hold” rating in a research note on Monday, September 30th. Royal Bank of Canada cut SGS from a “sector perform” rating to an “underperform” rating in a research report on Monday, October 21st.

SGS Trading Up 12.6 %

SGSOY stock traded up $1.27 during midday trading on Wednesday, reaching $11.35. 166,510 shares of the company were exchanged, compared to its average volume of 134,312. SGS has a one year low of $8.32 and a one year high of $11.54. The business has a 50-day moving average price of $9.99 and a two-hundred day moving average price of $10.38. The company has a current ratio of 1.23, a quick ratio of 1.09 and a debt-to-equity ratio of 4.45.

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.