Short Interest in SGS SA (OTCMKTS:SGSOY) Drops By 36.2%

SGS SA (OTCMKTS:SGSOY) saw a significant decrease in short interest during the month of June. As of June 15th, there was short interest totaling 32,021 shares, a decrease of 36.2% from the May 31st total of 50,153 shares. Based on an average daily trading volume, of 150,848 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SGSOY. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of SGS in a report on Monday, April 27th. Oddo Bhf raised shares of SGS to an “outperform” rating in a report on Tuesday, May 26th. Royal Bank Of Canada upgraded shares of SGS from an “underperform” rating to a “sector perform” rating in a research report on Tuesday, May 5th. Finally, Kepler Capital Markets raised shares of SGS to a “strong-buy” rating in a research note on Monday, May 18th. Three analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

SGS Stock Down 0.3%

SGSOY stock opened at $11.54 on Thursday. The company has a quick ratio of 1.32, a current ratio of 1.44 and a debt-to-equity ratio of 3.52. SGS has a 12 month low of $9.86 and a 12 month high of $12.76. The company has a 50-day moving average price of $11.11 and a 200 day moving average price of $11.39.

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.