Johnson Service Group PLC (OTCMKTS:JSVGF) Sees Significant Drop in Short Interest

Johnson Service Group PLC (OTCMKTS:JSVGF) was the recipient of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 2,278 shares, a drop of 41.3% from the June 30th total of 3,879 shares. Based on an average daily trading volume, of 0 shares, the short-interest ratio is currently ∞ days.

Wall Street Analyst Weigh In

Separately, BNP Paribas Exane assumed coverage on shares of Johnson Service Group in a research note on Monday, April 27th. They set an “outperform” rating on the stock. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Johnson Service Group presently has an average rating of “Moderate Buy”.

Johnson Service Group Stock Performance

Shares of JSVGF stock remained flat at $1.95 during trading on Thursday. Johnson Service Group has a 12 month low of $1.70 and a 12 month high of $2.05. The company has a 50-day moving average price of $1.95 and a 200-day moving average price of $1.88.

About Johnson Service Group

Johnson Service Group PLC, together with its subsidiaries, provides textile rental and related services in the United Kingdom. The company operates through two segments, Workwear; and Hotel, Restaurants and Catering. The Workwear segment supplies workwear garments and protective wear, and workplace hygiene services under the Johnsons Workwear brands, as well as provides laundering services. The Hotel, Restaurants and Catering segment offers linen services, including table linen, napkins, and chefs wear to the restaurant, catering, and hospitality market through the Afonwen, PLS, Stalbridge, South West Laundry, London Linen, and Fresh Linen brands.