Intertek Group plc (OTCMKTS:IKTSF) Sees Large Decrease in Short Interest

Intertek Group plc (OTCMKTS:IKTSF) was the target of a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 85,615 shares, a drop of 67.7% from the February 26th total of 264,861 shares. Based on an average trading volume of 3,223 shares, the short-interest ratio is currently 26.6 days. Based on an average trading volume of 3,223 shares, the short-interest ratio is currently 26.6 days.

Intertek Group Price Performance

Intertek Group stock remained flat at $48.90 during midday trading on Wednesday. 1,726 shares of the company traded hands, compared to its average volume of 1,418. The firm has a 50 day moving average price of $59.61 and a two-hundred day moving average price of $62.51. Intertek Group has a twelve month low of $45.86 and a twelve month high of $69.35.

Intertek Group Company Profile

Intertek Group plc is a global assurance, inspection, testing and certification company headquartered in London. It provides a broad range of quality and safety services to industries ranging from consumer goods and retail to electronics, chemicals, oil and gas, pharmaceuticals, and transportation. Through its network of more than 1,000 laboratories and over 1,000 offices across more than 100 countries, Intertek helps clients manage risk, ensure regulatory compliance and improve product performance.

The company’s core services include analytical testing, mechanical and electrical testing, inspection and auditing, product certification, and advisory services.