Intertek Gp (OTCMKTS:IKTSY) Sees Large Increase in Short Interest

Intertek Gp (OTCMKTS:IKTSY) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 5,182 shares, a growth of 73.9% from the December 31st total of 2,980 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 13,917 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 13,917 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.0% of the shares of the stock are short sold.

Intertek Gp Stock Down 0.7%

IKTSY stock opened at $61.43 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.31 and a debt-to-equity ratio of 0.94. The company’s 50 day simple moving average is $62.24 and its 200-day simple moving average is $64.18. Intertek Gp has a 12 month low of $51.96 and a 12 month high of $69.97.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas Exane raised Intertek Gp to a “hold” rating in a report on Monday, January 5th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

About Intertek Gp

INTERTEK GP (OTCMKTS: IKTSY) is a global provider of quality assurance, testing, inspection and certification services. The company helps clients across a broad spectrum of industries—ranging from oil and gas to consumer goods and electronics—ensure that their products, processes and operations meet regulatory, safety and performance standards. Its core offerings include laboratory testing, supply chain audits, conformity assessments and technical advisory services designed to support risk management and product integrity.

Intertek’s business is organized around four principal service lines: Assurance, Testing, Inspection and Certification.