SGS SA (OTCMKTS:SGSOY) Short Interest Update

SGS SA (OTCMKTS:SGSOY) saw a large increase in short interest in March. As of March 13th, there was short interest totaling 77,292 shares, an increase of 181.7% from the February 26th total of 27,441 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 192,774 shares, the days-to-cover ratio is currently 0.4 days.

SGS Price Performance

Shares of SGSOY opened at $10.76 on Thursday. The stock’s 50-day moving average price is $11.87 and its 200 day moving average price is $11.34. The company has a debt-to-equity ratio of 3.52, a quick ratio of 1.32 and a current ratio of 1.44. SGS has a 12-month low of $8.42 and a 12-month high of $12.76.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Citigroup reissued a “buy” rating on shares of SGS in a research note on Tuesday, February 17th. Morgan Stanley downgraded SGS from an “equal weight” rating to a “cautious” rating in a report on Tuesday, January 6th. Three analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

SGS Company Profile

SGS SA is a Switzerland-based multinational company that provides inspection, verification, testing and certification services. Established in the late 19th century, SGS has grown into a global provider of conformity assessment services that help businesses manage risk, ensure quality and meet regulatory requirements across product lifecycles and supply chains. The company’s services are designed to verify that products, systems and processes meet specified standards and customer expectations.

Core activities include laboratory testing, on-site inspections, certification of management systems and product conformity, supply chain audits and technical verification.