SGS SA (OTCMKTS:SGSOY) Short Interest Update

SGS SA (OTCMKTS:SGSOY) was the recipient of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 6,500 shares, an increase of 2,066.7% from the October 31st total of 300 shares. Based on an average daily trading volume, of 180,200 shares, the days-to-cover ratio is currently 0.0 days.

SGS Stock Performance

Shares of OTCMKTS:SGSOY traded up $0.09 during trading on Thursday, hitting $9.82. 46,012 shares of the company were exchanged, compared to its average volume of 88,718. SGS has a 52-week low of $8.18 and a 52-week high of $11.54. The stock has a 50 day moving average of $10.62 and a 200 day moving average of $10.14. The company has a current ratio of 1.23, a quick ratio of 1.09 and a debt-to-equity ratio of 4.45.

Wall Street Analyst Weigh In

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

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.