Short Interest in Intertek Group plc (OTCMKTS:IKTSY) Drops By 19.0%

Intertek Group plc (OTCMKTS:IKTSY) was the recipient of a significant drop in short interest in February. As of February 15th, there was short interest totalling 1,700 shares, a drop of 19.0% from the January 31st total of 2,100 shares. Based on an average daily volume of 3,300 shares, the days-to-cover ratio is currently 0.5 days.

Wall Street Analysts Forecast Growth

Separately, Barclays raised shares of Intertek Group from a “strong sell” rating to a “strong-buy” rating in a research note on Friday, January 24th.

Intertek Group Stock Up 4.2 %

IKTSY stock traded up $2.80 during mid-day trading on Wednesday, reaching $69.95. The company’s stock had a trading volume of 1,017 shares, compared to its average volume of 2,865. The company has a current ratio of 1.27, a quick ratio of 1.25 and a debt-to-equity ratio of 0.75. Intertek Group has a 12 month low of $55.84 and a 12 month high of $69.95. The business’s 50 day moving average price is $63.20 and its 200 day moving average price is $63.08.

Intertek Group Company Profile

Intertek Group plc engages in the provision of quality assurance solutions to various industries in the United Kingdom, the United States, China, Australia, and internationally. The company operates in five segments: Consumer Products, Corporate Assurance, Health and Safety, Industry and Infrastructure, and World of Energy.