Intertek Group plc (OTCMKTS:IKTSF) Sees Significant Drop in Short Interest

Intertek Group plc (OTCMKTS:IKTSF) was the recipient of a large decrease in short interest in March. As of March 15th, there was short interest totalling 42,100 shares, a decrease of 43.9% from the February 28th total of 75,000 shares. Based on an average trading volume of 700 shares, the short-interest ratio is currently 60.1 days.

Intertek Group Price Performance

Intertek Group stock remained flat at $66.06 during midday trading on Friday. The company had a trading volume of 108 shares, compared to its average volume of 946. The business has a 50-day simple moving average of $64.94 and a 200-day simple moving average of $63.58. Intertek Group has a 12 month low of $55.18 and a 12 month high of $70.83.

About Intertek Group

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.