Short Interest in SGS SA (OTCMKTS:SGSOY) Increases By 2,066.7%

SGS SA (OTCMKTS:SGSOY) was the recipient of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 6,500 shares, a growth of 2,066.7% from the October 31st total of 300 shares. Based on an average daily volume of 180,200 shares, the short-interest ratio is presently 0.0 days.

SGS Stock Performance

Shares of OTCMKTS SGSOY remained flat at $9.73 during midday trading on Wednesday. The stock had a trading volume of 90,383 shares, compared to its average volume of 87,389. The company’s 50 day moving average is $10.65 and its 200 day moving average is $10.14. The company has a quick ratio of 1.09, a current ratio of 1.23 and a debt-to-equity ratio of 4.45. SGS has a 52-week low of $8.18 and a 52-week high of $11.54.

Analysts Set New Price Targets

SGSOY has been the topic of several analyst reports. Royal Bank of Canada cut SGS from a “sector perform” rating to an “underperform” rating in a research report on Monday, October 21st. BNP Paribas raised shares of SGS to a “hold” rating in a research note on Monday, September 30th.

About SGS

SGS SA provides inspection, testing, and verification services in Europe, Africa, the Middle East, the Americas, and the Asia Pacific. It operates in five segments: Connectivity & Products, Health & Nutrition, Industries & Environment, Natural Resources, and Business Assurance. The company provides laboratory testing, product inspection and consulting, process assessment, technical and transactional assistance; and automotive, connectivity, softlines and accessories, and hardgoods, toys, and juvenile products, as well as government and trade facilitation services.