SSP Group (OTCMKTS:SSPPF) Sees Significant Drop in Short Interest

SSP Group (OTCMKTS:SSPPF) saw a large decrease in short interest in June. As of June 30th, there was short interest totaling 134,231 shares, a decrease of 45.0% from the June 15th total of 244,040 shares. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is presently ∞ days. Currently, 0.0% of the company’s stock are short sold.

SSP Group Trading Down 0.5%

Shares of SSP Group stock opened at $2.55 on Friday. The stock has a 50-day simple moving average of $2.16 and a 200-day simple moving average of $2.38. SSP Group has a 52-week low of $1.71 and a 52-week high of $2.56.

Analyst Ratings Changes

Separately, UBS Group downgraded shares of SSP Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, SSP Group presently has a consensus rating of “Hold”.

About SSP Group

SSP Group is a leading operator of food and beverage concessions in travel locations worldwide. The company designs, manages and operates branded and independent restaurants, bars, cafés and kiosks across airports, railway stations, motorway service stations and cultural attractions. Its portfolio encompasses both proprietary concepts and partnerships with major global food and beverage brands, offering tailored dining experiences for travellers.

Headquartered in London, UK, SSP Group traces its roots to Travellers Fare, founded in the 1960s, and was formally established as SSP Group following a spin-off from Compass Group in 2006.