Short Interest in SGS SA (OTCMKTS:SGSOY) Drops By 98.7%

SGS SA (OTCMKTS:SGSOY) saw a significant drop in short interest in 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 short-interest ratio is presently 0.0 days.

Wall Street Analysts Forecast Growth

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

SGS Trading Down 1.0 %

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

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.