Intertek Gp (OTCMKTS:IKTSY) Sees Significant Increase in Short Interest

Intertek Gp (OTCMKTS:IKTSY) was the target of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 21,406 shares, an increase of 236.5% from the February 12th total of 6,362 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 55,878 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 55,878 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.0% of the company’s shares are sold short.

Analysts Set New Price Targets

Separately, BNP Paribas Exane upgraded shares of Intertek Gp to a “hold” rating in a report on Monday, January 5th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

Intertek Gp Trading Up 0.1%

Shares of IKTSY traded up $0.04 during midday trading on Wednesday, hitting $52.07. 5,064 shares of the stock were exchanged, compared to its average volume of 18,707. Intertek Gp has a 52-week low of $51.39 and a 52-week high of $68.65. The company has a current ratio of 1.34, a quick ratio of 1.31 and a debt-to-equity ratio of 0.94. The stock has a fifty day simple moving average of $60.97 and a 200 day simple moving average of $63.27.

Intertek Gp Company Profile

INTERTEK GP (OTCMKTS: IKTSY) is a global provider of quality assurance, testing, inspection and certification services. The company helps clients across a broad spectrum of industries—ranging from oil and gas to consumer goods and electronics—ensure that their products, processes and operations meet regulatory, safety and performance standards. Its core offerings include laboratory testing, supply chain audits, conformity assessments and technical advisory services designed to support risk management and product integrity.

Intertek’s business is organized around four principal service lines: Assurance, Testing, Inspection and Certification.