Intertek Group plc (OTCMKTS:IKTSY) Short Interest Update

Intertek Group plc (OTCMKTS:IKTSY) saw a large decline in short interest in 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 trading volume, of 3,300 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analyst Weigh In

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

Intertek Group Price Performance

Shares of IKTSY stock traded up $2.80 on Wednesday, reaching $69.95. The company had a trading volume of 1,017 shares, compared to its average volume of 2,865. The company has a 50-day moving average of $63.20 and a 200-day moving average of $63.08. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.25 and a current ratio of 1.27. Intertek Group has a 12 month low of $55.84 and a 12 month high of $69.95.

Intertek Group Company Profile

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.