SSP Group (OTCMKTS:SSPPF) Short Interest Down 85.9% in December

SSP Group (OTCMKTS:SSPPF) was the target of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 10,123 shares, a drop of 85.9% from the December 15th total of 71,884 shares. Based on an average daily trading volume, of 2,746 shares, the days-to-cover ratio is presently 3.7 days. Approximately 0.0% of the shares of the company are sold short. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 2,746 shares, the days-to-cover ratio is presently 3.7 days.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SSPPF shares. UBS Group restated a “neutral” rating on shares of SSP Group in a report on Monday, December 8th. Barclays cut SSP Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 6th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold”.

SSP Group Stock Performance

OTCMKTS:SSPPF remained flat at $2.50 during trading hours on Monday. The company has a quick ratio of 0.40, a current ratio of 0.44 and a debt-to-equity ratio of 6.39. SSP Group has a fifty-two week low of $1.71 and a fifty-two week high of $2.55. The firm’s 50 day simple moving average is $2.09 and its 200 day simple moving average is $2.17.

About SSP Group

SSP Group is a leading operator of food and beverage concessions in travel locations worldwide. The company designs, manages and operates branded and independent restaurants, bars, cafés and kiosks across airports, railway stations, motorway service stations and cultural attractions. Its portfolio encompasses both proprietary concepts and partnerships with major global food and beverage brands, offering tailored dining experiences for travellers.

Headquartered in London, UK, SSP Group traces its roots to Travellers Fare, founded in the 1960s, and was formally established as SSP Group following a spin-off from Compass Group in 2006.