Short Interest in SGS SA (OTCMKTS:SGSOY) Drops By 39.1%

SGS SA (OTCMKTS:SGSOY) saw a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 23,692 shares, a decrease of 39.1% from the July 15th total of 38,889 shares. Based on an average daily trading volume, of 105,342 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Analysts Set New Price Targets

SGSOY has been the topic of several recent analyst reports. Citigroup restated a “buy” rating on shares of SGS in a report on Monday, July 27th. Oddo Bhf upgraded SGS to an “outperform” rating in a report on Tuesday, May 26th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of SGS in a research report on Monday, April 27th. Kepler Capital Markets raised SGS to a “strong-buy” rating in a research note on Monday, May 18th. Finally, Royal Bank Of Canada restated a “sector perform” rating on shares of SGS in a research report on Monday, July 27th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

SGS Trading Down 0.8%

SGS stock opened at $11.47 on Tuesday. The company has a current ratio of 1.44, a quick ratio of 1.32 and a debt-to-equity ratio of 3.52. SGS has a 12-month low of $9.88 and a 12-month high of $12.76. The firm’s fifty day moving average is $11.58 and its 200 day moving average is $11.42.

SGS Company Profile

SGS SA is a Switzerland-based multinational company that provides inspection, verification, testing and certification services. Established in the late 19th century, SGS has grown into a global provider of conformity assessment services that help businesses manage risk, ensure quality and meet regulatory requirements across product lifecycles and supply chains. The company’s services are designed to verify that products, systems and processes meet specified standards and customer expectations.

Core activities include laboratory testing, on-site inspections, certification of management systems and product conformity, supply chain audits and technical verification.