Intertek Group plc (OTCMKTS:IKTSY) Sees Significant Growth in Short Interest

Intertek Group plc (OTCMKTS:IKTSY) was the target of a large increase in short interest in February. As of February 28th, there was short interest totalling 3,700 shares, an increase of 117.6% from the February 13th total of 1,700 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 9,100 shares, the days-to-cover ratio is presently 0.4 days.

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.

Intertek Group Stock Down 1.4 %

OTCMKTS:IKTSY traded down $0.93 during trading hours on Friday, hitting $64.03. 69,144 shares of the company’s stock traded hands, compared to its average volume of 5,581. Intertek Group has a 52 week low of $55.84 and a 52 week high of $69.97. The business’s fifty day simple moving average is $64.24 and its two-hundred day simple moving average is $63.28. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.27 and a quick ratio of 1.25.

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.