Intertek Group plc (OTCMKTS:IKTSY) Sees Significant Increase in Short Interest

Intertek Group plc (OTCMKTS:IKTSY) was the recipient of a significant increase in short interest in the month of December. As of December 15th, there was short interest totalling 5,300 shares, an increase of 47.2% from the November 30th total of 3,600 shares. Based on an average daily trading volume, of 9,800 shares, the days-to-cover ratio is presently 0.5 days.

Intertek Group Trading Down 0.0 %

OTCMKTS:IKTSY traded down $0.77 on Monday, hitting $59.41. The stock had a trading volume of 1,723 shares, compared to its average volume of 9,934. Intertek Group has a 1 year low of $52.92 and a 1 year high of $69.79. The firm’s fifty day simple moving average is $60.18 and its two-hundred day simple moving average is $62.30.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on IKTSY shares. The Goldman Sachs Group raised shares of Intertek Group to a “strong-buy” rating in a research note on Friday, October 11th. Royal Bank of Canada cut shares of Intertek Group from an “outperform” rating to a “sector perform” rating in a research report on Monday, October 21st.

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.