SU Group Holdings Limited (NASDAQ:SUGP) Stock Short Interest Drops 82.8%

SU Group Holdings Limited (NASDAQ:SUGP) was the target of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 71,447 shares, a decline of 82.8% from the September 30th total of 415,768 shares. Based on an average daily volume of 631,021 shares, the short-interest ratio is presently 0.1 days. Approximately 4.8% of the company’s stock are short sold.

SU Group Trading Up 4.4%

NASDAQ:SUGP traded up $0.07 on Thursday, hitting $1.67. 34,226 shares of the company’s stock were exchanged, compared to its average volume of 387,280. SU Group has a 52 week low of $1.47 and a 52 week high of $291.00. The firm has a 50-day moving average price of $3.81 and a 200-day moving average price of $78.15.

SU Group (NASDAQ:SUGP) last announced its quarterly earnings data on Tuesday, September 29th. The company reported ($5.58) EPS for the quarter. The firm had revenue of $5.51 million for the quarter.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SUGP shares. Wall Street Zen raised SU Group from a “sell” rating to a “hold” rating in a report on Saturday, October 3rd. Weiss Ratings cut SU Group from a “sell (d)” rating to a “sell (d-)” rating in a report on Wednesday, October 21st. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the stock currently has a consensus rating of “Sell”.

SU Group Company Profile

SU Group Holdings Limited (NASDAQ:SUGP) is a Hong Kong-based provider of security services and solutions. Through its operating subsidiaries, the company serves commercial, residential, public-sector and other institutional customers with integrated security offerings.

The company’s activities include security guarding, security systems integration, and the installation, maintenance and servicing of electronic security systems. Its solutions may incorporate technologies such as closed-circuit television, access control, alarm systems and related monitoring or communications equipment, helping customers protect people, property and facilities.

SU Group primarily serves the Hong Kong market and provides security products and services designed for a range of properties and operating environments.