SGS SA (OTCMKTS:SGSOY) Short Interest Up 17,288.1% in April

SGS SA (OTCMKTS:SGSOY) was the recipient of a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 18,953 shares, a growth of 17,288.1% from the April 15th total of 109 shares. Based on an average trading volume of 183,934 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are short sold.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Royal Bank Of Canada raised SGS from an “underperform” rating to a “sector perform” rating in a report on Tuesday, May 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of SGS in a report on Monday, April 27th. Finally, Citigroup reissued a “buy” rating on shares of SGS in a research note on Tuesday, February 17th. Three research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, SGS presently has a consensus rating of “Moderate Buy”.

SGS Trading Up 0.1%

OTCMKTS:SGSOY opened at $10.81 on Wednesday. SGS has a 52-week low of $9.80 and a 52-week high of $12.76. The stock has a fifty day moving average of $11.03 and a 200 day moving average of $11.40. The company has a debt-to-equity ratio of 3.52, a current ratio of 1.44 and a quick ratio of 1.32.

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.