Short Interest in SGS SA (OTCMKTS:SGSOY) Expands By 2,100.0%

SGS SA (OTCMKTS:SGSOY) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 132,000 shares, an increase of 2,100.0% from the December 31st total of 6,000 shares. Based on an average daily volume of 282,100 shares, the days-to-cover ratio is presently 0.5 days.

SGS Trading Up 0.4 %

Shares of SGSOY traded up $0.04 during mid-day trading on Wednesday, reaching $9.74. The company had a trading volume of 49,545 shares, compared to its average volume of 134,377. SGS has a 52-week low of $8.68 and a 52-week high of $11.54. The stock has a 50 day moving average of $9.90 and a two-hundred day moving average of $10.41. The company has a quick ratio of 1.09, a current ratio of 1.23 and a debt-to-equity ratio of 4.45.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada downgraded shares of SGS from a “sector perform” rating to an “underperform” rating in a report on Monday, October 21st.

SGS Company Profile

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.