SGS SA (OTCMKTS:SGSOY) Sees Large Decrease in Short Interest

SGS SA (OTCMKTS:SGSOY) was the recipient of a significant decrease in short interest in the month of December. As of December 31st, there was short interest totaling 10,070 shares, a decrease of 49.7% from the December 15th total of 20,033 shares. Based on an average trading volume of 87,940 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the shares of the stock are short sold. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 87,940 shares, the short-interest ratio is presently 0.1 days.

SGS Stock Performance

OTCMKTS:SGSOY traded up $0.10 during trading hours on Thursday, hitting $11.92. 26,097 shares of the stock were exchanged, compared to its average volume of 73,642. The company has a quick ratio of 1.01, a current ratio of 1.13 and a debt-to-equity ratio of 3.83. The company’s 50 day moving average is $11.33 and its two-hundred day moving average is $10.78. SGS has a twelve month low of $8.42 and a twelve month high of $12.00.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SGSOY shares. The Goldman Sachs Group upgraded shares of SGS from a “strong sell” rating to a “neutral” rating in a research note on Thursday, October 9th. Morgan Stanley lowered shares of SGS from an “equal weight” rating to a “cautious” rating in a research report on Tuesday, January 6th. Finally, Citigroup reaffirmed a “buy” rating on shares of SGS in a report on Tuesday, October 28th. Three analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

About SGS

SGS SA is a Switzerland-based multinational company that provides inspection, verification, testing and certification services. Established in the late 19th century, SGS has grown into a global provider of conformity assessment services that help businesses manage risk, ensure quality and meet regulatory requirements across product lifecycles and supply chains. The company’s services are designed to verify that products, systems and processes meet specified standards and customer expectations.

Core activities include laboratory testing, on-site inspections, certification of management systems and product conformity, supply chain audits and technical verification.