SU Group Holdings Limited (NASDAQ:SUGP) Stock Short Interest Rises 658.1%

SU Group Holdings Limited (NASDAQ:SUGP) saw a large growth in short interest in September. As of September 30th, there was short interest totaling 415,768 shares, a growth of 658.1% from the September 15th total of 54,846 shares. Approximately 279.0% of the shares of the stock are sold short. Based on an average daily volume of 8,685,525 shares, the short-interest ratio is currently 0.0 days.

SU Group Price Performance

Shares of NASDAQ:SUGP traded down $0.17 during trading on Friday, hitting $2.23. 54,556 shares of the stock were exchanged, compared to its average volume of 404,039. The company has a fifty day moving average price of $6.43 and a two-hundred day moving average price of $52.66. SU Group has a 12-month low of $2.20 and a 12-month high of $314.70.

SU Group (NASDAQ:SUGP) last released its quarterly earnings data on Tuesday, September 29th. The company reported ($5.58) earnings per share for the quarter. The company had revenue of $5.51 million during the quarter.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Weiss Ratings raised shares of SU Group from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, October 6th. Wall Street Zen upgraded shares of SU Group from a “sell” rating to a “hold” rating in a research note on Saturday, October 3rd. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company presently has an average rating of “Sell”.

SU Group Company Profile

SU Group Holdings Limited (NASDAQ: SUGP) is a Hong Kong-based security services provider. Through its subsidiaries, the company offers integrated security solutions to customers in the commercial, residential, industrial and public sectors.

Its principal activities include security guarding services, security-system design and installation, and the sale and maintenance of security products. These solutions may include access-control systems, surveillance equipment, alarm systems and related technologies, along with on-site personnel and security management services.

SU Group serves customers primarily in Hong Kong and has developed its business around providing security support for properties, facilities and events.