Intertek Gp (OTCMKTS:IKTSY) Short Interest Up 102.8% in August

Intertek Gp (OTCMKTS:IKTSY) was the recipient of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 73 shares, a growth of 102.8% from the July 30th total of 36 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 5,271 shares, the short-interest ratio is currently 0.0 days.

Intertek Gp Stock Performance

IKTSY opened at $78.99 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.06 and a current ratio of 1.08. The company’s fifty day moving average price is $78.16 and its two-hundred day moving average price is $68.19. Intertek Gp has a 1-year low of $47.35 and a 1-year high of $79.79.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on IKTSY. Jefferies Financial Group cut shares of Intertek Gp from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 20th. Kepler Capital Markets upgraded shares of Intertek Gp to a “hold” rating in a report on Monday, May 18th. Three research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold”.

Intertek Gp Company Profile

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.