SGS SA (OTCMKTS:SGSOY) Short Interest Up 566.7% in December

SGS SA (OTCMKTS:SGSOY) was the target of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 6,000 shares, an increase of 566.7% from the November 30th total of 900 shares. Based on an average trading volume of 161,600 shares, the days-to-cover ratio is presently 0.0 days.

SGS Price Performance

Shares of SGSOY traded down $0.15 during trading hours on Friday, hitting $10.09. 170,301 shares of the company were exchanged, compared to its average volume of 90,637. The firm’s fifty day moving average is $10.14 and its 200 day moving average is $10.27. SGS has a fifty-two week low of $8.18 and a fifty-two week high of $11.54. The company has a debt-to-equity ratio of 4.45, a quick ratio of 1.09 and a current ratio of 1.23.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Royal Bank of Canada downgraded shares of SGS from a “sector perform” rating to an “underperform” rating in a report on Monday, October 21st. BNP Paribas upgraded SGS to a “hold” rating in a research note on Monday, September 30th.

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.