Intertek Group plc (OTCMKTS:IKTSY) Sees Large Decrease in Short Interest

Intertek Group plc (OTCMKTS:IKTSY) was the target of a significant decline in short interest during the month of February. As of February 15th, there was short interest totalling 1,700 shares, a decline of 19.0% from the January 31st total of 2,100 shares. Based on an average daily volume of 3,300 shares, the days-to-cover ratio is presently 0.5 days.

Intertek Group Price Performance

Intertek Group stock traded down $1.49 during mid-day trading on Thursday, reaching $68.46. 28,682 shares of the company’s stock were exchanged, compared to its average volume of 3,528. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.25 and a current ratio of 1.27. The business’s fifty day simple moving average is $63.37 and its 200 day simple moving average is $63.12. Intertek Group has a one year low of $55.84 and a one year high of $69.95.

Analyst Ratings Changes

Separately, Barclays upgraded shares of Intertek Group from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, January 24th.

About Intertek Group

Intertek Group plc engages in the provision of quality assurance solutions to various industries in the United Kingdom, the United States, China, Australia, and internationally. The company operates in five segments: Consumer Products, Corporate Assurance, Health and Safety, Industry and Infrastructure, and World of Energy.