SGS SA (OTCMKTS:SGSOY) Short Interest Up 92.6% in August

SGS SA (OTCMKTS:SGSOY) was the target of a significant increase in short interest in August. As of August 14th, there was short interest totaling 45,633 shares, an increase of 92.6% from the July 30th total of 23,692 shares. Based on an average daily trading volume, of 63,034 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.0% of the shares of the company are sold short.

Analyst Ratings Changes

Several equities analysts recently issued reports on SGSOY shares. Kepler Capital Markets upgraded SGS to a “strong-buy” rating in a research note on Monday, May 18th. Oddo Bhf raised SGS to an “outperform” rating in a report on Tuesday, May 26th. Citigroup reissued a “buy” rating on shares of SGS in a report on Monday, July 27th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of SGS in a research note on Monday, July 27th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, SGS has an average rating of “Moderate Buy”.

SGS Trading Down 0.5%

OTCMKTS SGSOY opened at $11.50 on Friday. The company’s 50-day simple moving average is $11.64 and its 200 day simple moving average is $11.39. SGS has a twelve month low of $9.88 and a twelve month high of $12.76. The company has a debt-to-equity ratio of 3.52, a current ratio of 1.44 and a quick ratio of 1.32.

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.