SGS SA (OTCMKTS:SGSOY) Sees Significant Growth in Short Interest

SGS SA (OTCMKTS:SGSOY) was the target of a significant increase in short interest in September. As of September 30th, there was short interest totaling 12,700 shares, an increase of 647.1% from the September 15th total of 1,700 shares. Based on an average daily volume of 181,600 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 181,600 shares, the short-interest ratio is presently 0.1 days.

SGS Price Performance

OTCMKTS:SGSOY opened at $11.01 on Friday. The company’s 50-day moving average price is $10.38 and its 200-day moving average price is $10.14. SGS has a twelve month low of $8.42 and a twelve month high of $11.40.

Analyst Ratings Changes

Several research firms have issued reports on SGSOY. Royal Bank Of Canada raised shares of SGS from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 8th. Sanford C. Bernstein raised shares of SGS to a “strong-buy” rating in a report on Friday, June 27th. The Goldman Sachs Group raised shares of SGS from a “strong sell” rating to a “neutral” rating in a report on Thursday, October 9th. BNP Paribas raised shares of SGS from a “hold” rating to a “strong-buy” rating in a report on Friday, September 5th. Finally, Berenberg Bank raised shares of SGS from a “hold” rating to a “strong-buy” rating in a report on Friday, July 11th. Three research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

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.