Intertek Group plc (OTCMKTS:IKTSY) Short Interest Update

Intertek Group plc (OTCMKTS:IKTSY) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 1,800 shares, a growth of 260.0% from the October 31st total of 500 shares. Based on an average daily volume of 7,300 shares, the short-interest ratio is currently 0.2 days.

Intertek Group Price Performance

Shares of Intertek Group stock traded down $0.51 during trading on Friday, hitting $60.62. 99,909 shares of the stock traded hands, compared to its average volume of 7,224. The firm’s fifty day moving average is $62.73 and its 200-day moving average is $62.51. Intertek Group has a 52 week low of $50.22 and a 52 week high of $69.79.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on IKTSY. Royal Bank of Canada cut Intertek Group from an “outperform” rating to a “sector perform” rating in a report on Monday, October 21st. The Goldman Sachs Group raised Intertek Group to a “strong-buy” rating in a report on Friday, October 11th.

Intertek Group Company Profile

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.