Intertek Group plc (OTCMKTS:IKTSF) Sees Large Decline in Short Interest

Intertek Group plc (OTCMKTS:IKTSF) saw a large drop in short interest in March. As of March 15th, there was short interest totalling 42,100 shares, a drop of 43.9% from the February 28th total of 75,000 shares. Based on an average daily volume of 700 shares, the short-interest ratio is currently 60.1 days.

Intertek Group Price Performance

OTCMKTS:IKTSF remained flat at $66.06 during trading hours on Friday. The company’s stock had a trading volume of 108 shares, compared to its average volume of 946. Intertek Group has a 12 month low of $55.18 and a 12 month high of $70.83. The business’s 50-day moving average price is $64.94 and its 200-day moving average price is $63.58.

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.