SGS SA (OTCMKTS:SGSOY) Short Interest Up 62.5% in January

SGS SA (OTCMKTS:SGSOY) was the recipient of a significant increase in short interest in January. As of January 30th, there was short interest totaling 63,427 shares, an increase of 62.5% from the January 15th total of 39,034 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 112,633 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 112,633 shares, the short-interest ratio is currently 0.6 days. Currently, 0.0% of the company’s shares are short sold.

SGS Price Performance

SGSOY stock opened at $12.25 on Friday. The business has a 50-day moving average of $11.69 and a 200-day moving average of $11.03. SGS has a fifty-two week low of $8.42 and a fifty-two week high of $12.58. The company has a quick ratio of 1.01, a current ratio of 1.13 and a debt-to-equity ratio of 3.83.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Morgan Stanley downgraded 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 note on Tuesday, October 28th. Three analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, SGS has a consensus rating of “Moderate Buy”.

About SGS

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.