Short Interest in SU Group Holdings Limited (NASDAQ:SUGP) Declines By 48.1%

SU Group Holdings Limited (NASDAQ:SUGP) was the target of a large decline in short interest in January. As of January 15th, there was short interest totalling 52,600 shares, a decline of 48.1% from the December 31st total of 101,400 shares. Based on an average daily trading volume, of 686,300 shares, the days-to-cover ratio is presently 0.1 days. Currently, 1.3% of the company’s stock are short sold.

SU Group Price Performance

SUGP traded up $0.03 during midday trading on Thursday, hitting $1.02. 9,176 shares of the company’s stock traded hands, compared to its average volume of 52,204. The stock’s fifty day simple moving average is $1.32 and its 200-day simple moving average is $1.62. SU Group has a one year low of $0.76 and a one year high of $5.86.

About SU Group

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.