Short Interest in SGS SA (OTCMKTS:SGSOY) Declines By 99.9%

SGS SA (OTCMKTS:SGSOY) was the target of a large drop in short interest in April. As of April 15th, there was short interest totaling 109 shares, a drop of 99.9% from the March 31st total of 78,100 shares. Based on an average trading volume of 265,617 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SGSOY. Morgan Stanley cut shares of SGS from an “equal weight” rating to a “cautious” rating in a report on Tuesday, January 6th. Citigroup reissued a “buy” rating on shares of SGS in a research report on Tuesday, February 17th. Three research 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 issued a Sell rating to the stock. Based on data from MarketBeat, SGS presently has a consensus rating of “Moderate Buy”.

SGS Price Performance

OTCMKTS:SGSOY opened at $10.85 on Friday. The company has a 50 day moving average price of $11.31 and a 200-day moving average price of $11.39. SGS has a 1-year low of $9.49 and a 1-year high of $12.76. The company has a quick ratio of 1.32, a current ratio of 1.44 and a debt-to-equity ratio of 3.52.

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.