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

SSP Group (OTCMKTS:SSPPF) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 234,050 shares, a growth of 55.0% from the March 15th total of 150,981 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 0 shares, the days-to-cover ratio is currently ∞ days.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. UBS Group raised shares of SSP Group from a “hold” rating to a “buy” rating in a research note on Tuesday, February 17th. Citigroup restated a “buy” rating on shares of SSP Group in a research report on Thursday, January 15th. Finally, Barclays downgraded shares of SSP Group from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 6th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

SSP Group Price Performance

OTCMKTS:SSPPF opened at $2.51 on Tuesday. SSP Group has a 12-month low of $1.71 and a 12-month high of $2.51. The company’s 50-day moving average is $2.51 and its two-hundred day moving average is $2.30. 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 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.