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

SGS SA (OTCMKTS:SGSOY) was the target of a large increase in short interest in 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 trading volume of 282,100 shares, the short-interest ratio is currently 0.5 days.

SGS Stock Performance

Shares of SGS stock traded down $0.13 during trading hours on Wednesday, hitting $9.70. The company’s stock had a trading volume of 171,416 shares, compared to its average volume of 117,589. The business has a fifty day moving average of $9.90 and a 200 day moving average of $10.41. The company has a debt-to-equity ratio of 4.45, a current ratio of 1.23 and a quick ratio of 1.09. SGS has a 1-year low of $8.68 and a 1-year high of $11.54.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada downgraded SGS from a “sector perform” rating to an “underperform” rating in a research 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.