SGS SA (OTCMKTS:SGSOY) Short Interest Up 149.3% in June

SGS SA (OTCMKTS:SGSOY) was the target of a large increase in short interest in June. As of June 30th, there was short interest totaling 79,844 shares, an increase of 149.3% from the June 15th total of 32,021 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 133,410 shares, the days-to-cover ratio is presently 0.6 days.

Wall Street Analysts Forecast Growth

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

SGS Price Performance

SGS stock opened at $11.60 on Wednesday. The company has a debt-to-equity ratio of 3.52, a current ratio of 1.44 and a quick ratio of 1.32. SGS has a fifty-two week low of $9.86 and a fifty-two week high of $12.76. The stock has a 50-day simple moving average of $11.26 and a 200-day simple moving average of $11.42.

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.