SU Group Holdings Limited (NASDAQ:SUGP) Sees Significant Decrease in Short Interest

SU Group Holdings Limited (NASDAQ:SUGP) saw a large decline in short interest in March. As of March 13th, there was short interest totaling 56,630 shares, a decline of 14.7% from the February 26th total of 66,355 shares. Based on an average trading volume of 4,305 shares, the short-interest ratio is currently 13.2 days. Approximately 4.1% of the company’s stock are sold short.

SU Group Stock Down 0.2%

Shares of SUGP opened at $4.99 on Wednesday. SU Group has a 52-week low of $3.44 and a 52-week high of $18.40. The stock has a 50 day moving average price of $5.46 and a 200 day moving average price of $6.10.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SUGP shares. Wall Street Zen upgraded shares of SU Group to a “sell” rating in a report on Saturday, December 13th. Weiss Ratings reiterated a “sell (d)” rating on shares of SU Group in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

SU Group Company Profile

SU Group Holdings Limited, through its subsidiaries, operates as an integrated security-related services company in Hong Kong and internationally. The company operates through two segments, Security-Related Engineering Services Business; and Security Guarding and Screening Services Business. It primarily provides security-related engineering, security guarding and screening, and related vocational training services. The company also engages in the design, supply, installation, maintenance, and testing and commissioning of various security systems.