Intertek Group plc (OTCMKTS:IKTSY) Sees Large Drop in Short Interest

Intertek Group plc (OTCMKTS:IKTSY) saw a large decrease in short interest in the month of December. As of December 31st, there was short interest totalling 1,800 shares, a decrease of 66.0% from the December 15th total of 5,300 shares. Based on an average trading volume of 6,100 shares, the short-interest ratio is presently 0.3 days.

Intertek Group Price Performance

Intertek Group stock traded up $0.68 during midday trading on Monday, hitting $59.40. The company’s stock had a trading volume of 4,620 shares, compared to its average volume of 3,389. Intertek Group has a 12 month low of $53.50 and a 12 month high of $69.79. The stock’s 50-day moving average price is $59.62 and its 200-day moving average price is $62.21.

Analyst Ratings Changes

IKTSY has been the topic of a number of research analyst reports. The Goldman Sachs Group upgraded shares of Intertek Group to a “strong-buy” rating in a research note on Friday, October 11th. Royal Bank of Canada cut Intertek Group from an “outperform” rating to a “sector perform” rating in a research report on Monday, October 21st.

About Intertek Group

Intertek Group plc engages in the provision of quality assurance solutions to various industries in the United Kingdom, the United States, China, Australia, and internationally. The company operates in five segments: Consumer Products, Corporate Assurance, Health and Safety, Industry and Infrastructure, and World of Energy.