SGS SA (OTCMKTS:SGSOY) Stock Short Interest Climbs 254.8%

SGS SA (OTCMKTS:SGSOY) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 75,524 shares, an increase of 254.8% from the September 15th total of 21,287 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average trading volume of 162,874 shares, the days-to-cover ratio is currently 0.5 days.

SGS Stock Performance

Shares of OTCMKTS SGSOY traded up $0.09 during mid-day trading on Tuesday, reaching $11.67. 4,423 shares of the company were exchanged, compared to its average volume of 87,389. SGS has a 52 week low of $10.16 and a 52 week high of $12.76. The company’s 50 day moving average price is $11.47 and its 200 day moving average price is $11.28.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on SGSOY shares. Royal Bank Of Canada reissued a “sector perform” rating on shares of SGS in a report on Monday, July 27th. Citigroup reaffirmed a “buy” rating on shares of SGS in a research note on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

About SGS

SGS SA is a Switzerland-based testing, inspection and certification company. Through its laboratories, technical specialists and assessment services, the company helps businesses, governments and other organizations verify that products, processes and facilities meet applicable quality, safety, regulatory and sustainability standards.

The company provides services across a wide range of industries, including agriculture and food, consumer products, energy and natural resources, chemicals, construction, industrial manufacturing, transportation, life sciences and environmental services.