Intertek Group plc (OTCMKTS:IKTSF) Sees Large Growth in Short Interest

Intertek Group plc (OTCMKTS:IKTSF) was the recipient of a significant increase in short interest in the month of January. As of January 30th, there was short interest totaling 227,339 shares, an increase of 29.3% from the January 15th total of 175,880 shares. Based on an average daily volume of 3,632 shares, the short-interest ratio is presently 62.6 days. Based on an average daily volume of 3,632 shares, the short-interest ratio is presently 62.6 days.

Intertek Group Price Performance

IKTSF opened at $63.17 on Wednesday. The business has a fifty day moving average price of $62.62 and a 200 day moving average price of $64.00. Intertek Group has a 12 month low of $52.22 and a 12 month high of $70.00.

About Intertek Group

Intertek Group plc is a global assurance, inspection, testing and certification company headquartered in London. It provides a broad range of quality and safety services to industries ranging from consumer goods and retail to electronics, chemicals, oil and gas, pharmaceuticals, and transportation. Through its network of more than 1,000 laboratories and over 1,000 offices across more than 100 countries, Intertek helps clients manage risk, ensure regulatory compliance and improve product performance.

The company’s core services include analytical testing, mechanical and electrical testing, inspection and auditing, product certification, and advisory services.