SGS SA (OTCMKTS:SGSOY) Short Interest Up 181.7% in March

SGS SA (OTCMKTS:SGSOY) saw a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 77,292 shares, an increase of 181.7% from the February 26th total of 27,441 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily volume of 192,774 shares, the short-interest ratio is presently 0.4 days.

Analyst Ratings Changes

Several equities research analysts have issued reports on SGSOY shares. Morgan Stanley lowered shares of SGS from an “equal weight” rating to a “cautious” rating in a research report on Tuesday, January 6th. Citigroup reissued a “buy” rating on shares of SGS in a report on Tuesday, February 17th. Three equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

SGS Stock Down 2.0%

Shares of SGSOY opened at $10.55 on Friday. SGS has a fifty-two week low of $8.42 and a fifty-two week high of $12.76. The firm has a 50 day moving average price of $11.84 and a 200-day moving average price of $11.33. The company has a debt-to-equity ratio of 3.52, a quick ratio of 1.32 and a current ratio of 1.44.

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.