Short Interest in SGS SA (OTCMKTS:SGSOY) Rises By 2,066.7%

SGS SA (OTCMKTS:SGSOY) was the target of a significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 6,500 shares, an increase of 2,066.7% from the October 31st total of 300 shares. Based on an average daily volume of 180,200 shares, the short-interest ratio is currently 0.0 days.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SGSOY shares. BNP Paribas upgraded shares of SGS to a “hold” rating in a research report on Monday, September 30th. Royal Bank of Canada downgraded SGS from a “sector perform” rating to an “underperform” rating in a research report on Monday, October 21st.

SGS Stock Performance

Shares of SGSOY stock remained flat at $9.73 during trading on Wednesday. 90,383 shares of the company were exchanged, compared to its average volume of 87,389. SGS has a 12 month low of $8.18 and a 12 month high of $11.54. The company has a current ratio of 1.23, a quick ratio of 1.09 and a debt-to-equity ratio of 4.45. The stock has a 50-day moving average price of $10.65 and a 200-day moving average price of $10.14.

About SGS

SGS SA provides inspection, testing, and verification services in Europe, Africa, the Middle East, the Americas, and the Asia Pacific. It operates in five segments: Connectivity & Products, Health & Nutrition, Industries & Environment, Natural Resources, and Business Assurance. The company provides laboratory testing, product inspection and consulting, process assessment, technical and transactional assistance; and automotive, connectivity, softlines and accessories, and hardgoods, toys, and juvenile products, as well as government and trade facilitation services.