SU Group Holdings Limited (NASDAQ:SUGP) Sees Significant Drop in Short Interest

SU Group Holdings Limited (NASDAQ:SUGP) was the recipient of a significant decrease in short interest during the month of October. As of October 30th, there was short interest totaling 7,085 shares, a decrease of 90.1% from the October 15th total of 71,447 shares. Based on an average daily trading volume, of 45,839 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.5% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

SUGP has been the topic of several analyst reports. Wall Street Zen upgraded shares of SU Group from a “sell” rating to a “hold” rating in a research report on Saturday, October 3rd. Weiss Ratings downgraded shares of SU Group from a “sell (d)” rating to a “sell (d-)” rating in a research report on Wednesday, October 21st. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock currently has an average rating of “Sell”.

SU Group Trading Up 7.3%

SU Group stock traded up $0.08 during midday trading on Friday, reaching $1.23. The company had a trading volume of 12,754 shares, compared to its average volume of 370,002. SU Group has a 12-month low of $1.00 and a 12-month high of $291.00. The firm’s fifty day simple moving average is $2.43 and its 200-day simple moving average is $67.96.

SU Group (NASDAQ:SUGP) last posted its quarterly earnings data on Tuesday, September 29th. The company reported ($5.54) EPS for the quarter. The business had revenue of $5.51 million during the quarter.

SU Group Company Profile

SU Group Holdings Limited (NASDAQ:SUGP) is a Hong Kong-based provider of security services and solutions. Through its operating subsidiaries, the company serves commercial, residential, public-sector and other institutional customers with integrated security offerings. The company’s activities include security guarding, security systems integration, and the installation, maintenance and servicing of electronic security systems. Its solutions may incorporate technologies such as closed-circuit television, access control, alarm systems and related monitoring or communications equipment, helping customers protect people, property and facilities.