SGS SA (OTCMKTS:SGSOY) Short Interest Down 98.7% in October

SGS SA (OTCMKTS:SGSOY) was the recipient of a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 300 shares, a drop of 98.7% from the October 15th total of 22,900 shares. Based on an average trading volume of 90,100 shares, the days-to-cover ratio is currently 0.0 days.

Analysts Set New Price Targets

A number of analysts recently weighed in on SGSOY shares. Royal Bank of Canada downgraded SGS from a “sector perform” rating to an “underperform” rating in a research report on Monday, October 21st. BNP Paribas upgraded SGS to a “hold” rating in a research report on Monday, September 30th.

SGS Stock Performance

Shares of SGSOY traded down $0.10 during mid-day trading on Thursday, hitting $9.81. 167,621 shares of the company’s stock traded hands, compared to its average volume of 88,364. The company has a debt-to-equity ratio of 4.45, a current ratio of 1.23 and a quick ratio of 1.09. SGS has a 1 year low of $8.18 and a 1 year high of $11.54. The business’s 50-day moving average price is $10.91 and its 200-day moving average price is $10.09.

About SGS

SGS SA provides inspection, testing, and verification services in Europe, Africa, the Middle East, the Americas, and the Asia Pacific. It operates in five segments: Connectivity & Products, Health & Nutrition, Industries & Environment, Natural Resources, and Business Assurance. The company provides laboratory testing, product inspection and consulting, process assessment, technical and transactional assistance; and automotive, connectivity, softlines and accessories, and hardgoods, toys, and juvenile products, as well as government and trade facilitation services.