Short Interest in Intertek Gp (OTCMKTS:IKTSY) Decreases By 61.5%

Intertek Gp (OTCMKTS:IKTSY) was the target of a large drop in short interest in May. As of May 15th, there was short interest totaling 4,745 shares, a drop of 61.5% from the April 30th total of 12,323 shares. Based on an average trading volume of 36,894 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

Separately, Kepler Capital Markets upgraded Intertek Gp to a “hold” rating in a research note on Monday, May 18th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Intertek Gp Price Performance

Shares of OTCMKTS:IKTSY opened at $72.75 on Friday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.06 and a current ratio of 1.08. The stock’s fifty day simple moving average is $62.19 and its two-hundred day simple moving average is $61.48. Intertek Gp has a 1-year low of $47.35 and a 1-year high of $77.18.

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.