SSP Group (OTCMKTS:SSPPF) Sees Significant Decline in Short Interest

SSP Group (OTCMKTS:SSPPF) was the target of a large decline in short interest in December. As of December 31st, there was short interest totaling 10,123 shares, a decline of 85.9% from the December 15th total of 71,884 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 2,746 shares, the short-interest ratio is presently 3.7 days. Based on an average daily volume of 2,746 shares, the short-interest ratio is presently 3.7 days. Approximately 0.0% of the company’s shares are short sold.

Wall Street Analysts Forecast Growth

SSPPF has been the topic of several research reports. Barclays lowered shares of SSP Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. UBS Group reissued a “neutral” rating on shares of SSP Group in a research note on Monday, December 8th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold”.

SSP Group Stock Performance

OTCMKTS SSPPF opened at $2.50 on Tuesday. The company has a debt-to-equity ratio of 6.39, a quick ratio of 0.40 and a current ratio of 0.44. SSP Group has a fifty-two week low of $1.71 and a fifty-two week high of $2.55. The business has a 50 day moving average price of $2.10 and a two-hundred day moving average price of $2.17.

SSP Group Company Profile

SSP Group is a leading operator of food and beverage concessions in travel locations worldwide. The company designs, manages and operates branded and independent restaurants, bars, cafés and kiosks across airports, railway stations, motorway service stations and cultural attractions. Its portfolio encompasses both proprietary concepts and partnerships with major global food and beverage brands, offering tailored dining experiences for travellers.

Headquartered in London, UK, SSP Group traces its roots to Travellers Fare, founded in the 1960s, and was formally established as SSP Group following a spin-off from Compass Group in 2006.