Short Interest in SGS SA (OTCMKTS:SGSOY) Expands By 2,100.0%

SGS SA (OTCMKTS:SGSOY) saw a significant growth in short interest in January. As of January 15th, there was short interest totalling 132,000 shares, a growth of 2,100.0% from the December 31st total of 6,000 shares. Based on an average trading volume of 282,100 shares, the short-interest ratio is currently 0.5 days.

SGS Stock Performance

Shares of OTCMKTS SGSOY traded up $0.04 during mid-day trading on Wednesday, reaching $9.74. The company had a trading volume of 49,545 shares, compared to its average volume of 134,377. SGS has a 52 week low of $8.68 and a 52 week high of $11.54. The business’s 50-day moving average is $9.90 and its 200-day moving average is $10.41. The company has a current ratio of 1.23, a quick ratio of 1.09 and a debt-to-equity ratio of 4.45.

Analyst Ratings Changes

Separately, Royal Bank of Canada downgraded SGS from a “sector perform” rating to an “underperform” rating in a research report on Monday, October 21st.

About SGS

SGS SA provides inspection, testing, and verification services in Europe, Africa, the Middle East, the Americas, and the Asia Pacific. It operates in five segments: Connectivity & Products, Health & Nutrition, Industries & Environment, Natural Resources, and Business Assurance. The company provides laboratory testing, product inspection and consulting, process assessment, technical and transactional assistance; and automotive, connectivity, softlines and accessories, and hardgoods, toys, and juvenile products, as well as government and trade facilitation services.