Short Interest in SU Group Holdings Limited (NASDAQ:SUGP) Grows By 695.3%

SU Group Holdings Limited (NASDAQ:SUGP) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 41,205 shares, a growth of 695.3% from the April 30th total of 5,181 shares. Based on an average daily trading volume, of 20,137 shares, the days-to-cover ratio is presently 2.0 days. Currently, 3.0% of the shares of the stock are short sold.

SU Group Stock Performance

Shares of NASDAQ SUGP opened at $1.02 on Friday. SU Group has a 1 year low of $0.89 and a 1 year high of $18.40. The firm’s 50 day moving average price is $4.37 and its 200 day moving average price is $5.36.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of SU Group in a research report on Tuesday, April 21st. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has a consensus rating of “Sell”.

SU Group Company Profile

SU Group Holdings Limited, through its subsidiaries, operates as an integrated security-related services company in Hong Kong and internationally. The company operates through two segments, Security-Related Engineering Services Business; and Security Guarding and Screening Services Business. It primarily provides security-related engineering, security guarding and screening, and related vocational training services. The company also engages in the design, supply, installation, maintenance, and testing and commissioning of various security systems.