Short Interest in SGS SA (OTCMKTS:SGSOY) Drops By 51.3%

SGS SA (OTCMKTS:SGSOY) was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 38,889 shares, a decrease of 51.3% from the June 30th total of 79,844 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 103,564 shares, the days-to-cover ratio is currently 0.4 days.

SGS Stock Performance

Shares of SGSOY stock opened at $11.72 on Wednesday. The stock’s fifty day moving average is $11.41 and its two-hundred day moving average is $11.43. The company has a debt-to-equity ratio of 3.52, a quick ratio of 1.32 and a current ratio of 1.44. SGS has a fifty-two week low of $9.86 and a fifty-two week high of $12.76.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada restated a “sector perform” rating on shares of SGS in a research report on Monday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of SGS in a research report on Monday, April 27th. Citigroup reissued a “buy” rating on shares of SGS in a research note on Monday. Kepler Capital Markets upgraded shares of SGS to a “strong-buy” rating in a research report on Monday, May 18th. Finally, Oddo Bhf raised shares of SGS to an “outperform” rating in a research note on Tuesday, May 26th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, SGS presently has a consensus rating of “Moderate Buy”.

About SGS

SGS SA is a Switzerland-based multinational company that provides inspection, verification, testing and certification services. Established in the late 19th century, SGS has grown into a global provider of conformity assessment services that help businesses manage risk, ensure quality and meet regulatory requirements across product lifecycles and supply chains. The company’s services are designed to verify that products, systems and processes meet specified standards and customer expectations.

Core activities include laboratory testing, on-site inspections, certification of management systems and product conformity, supply chain audits and technical verification.