Short Interest in SU Group Holdings Limited (NASDAQ:SUGP) Increases By 102.6%

SU Group Holdings Limited (NASDAQ:SUGP) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 225,073 shares, a growth of 102.6% from the June 15th total of 111,107 shares. Based on an average trading volume of 27,923,016 shares, the short-interest ratio is currently 0.0 days. Approximately 5.0% of the shares of the company are sold short.

SU Group Trading Down 4.9%

SUGP stock traded down $0.03 on Thursday, reaching $0.52. 315,885 shares of the company’s stock were exchanged, compared to its average volume of 3,570,085. The stock has a fifty day moving average of $1.76 and a 200-day moving average of $4.14. SU Group has a twelve month low of $0.50 and a twelve month high of $11.90.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on SUGP shares. Weiss Ratings reiterated a “sell (d)” rating on shares of SU Group in a research note on Tuesday, April 21st. Wall Street Zen upgraded shares of SU Group to a “sell” rating in a research report on Saturday, July 4th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

SU Group Company Profile

SU Group Holdings Limited, through its subsidiaries, operates as an integrated security-related services company in Hong Kong and internationally. The company operates through two segments, Security-Related Engineering Services Business; and Security Guarding and Screening Services Business. It primarily provides security-related engineering, security guarding and screening, and related vocational training services. The company also engages in the design, supply, installation, maintenance, and testing and commissioning of various security systems.