Intertek Group plc (OTCMKTS:IKTSY) Short Interest Update

Intertek Group plc (OTCMKTS:IKTSY) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 5,300 shares, a growth of 47.2% from the November 30th total of 3,600 shares. Based on an average daily volume of 9,800 shares, the short-interest ratio is currently 0.5 days.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on IKTSY. The Goldman Sachs Group upgraded Intertek Group to a “strong-buy” rating in a report on Friday, October 11th. Royal Bank of Canada lowered Intertek Group from an “outperform” rating to a “sector perform” rating in a research report on Monday, October 21st.

Intertek Group Stock Performance

Shares of IKTSY stock traded down $0.77 during trading hours on Monday, hitting $59.41. 1,723 shares of the company were exchanged, compared to its average volume of 9,934. The company has a 50 day simple moving average of $60.18 and a two-hundred day simple moving average of $62.30. Intertek Group has a fifty-two week low of $52.92 and a fifty-two week high of $69.79.

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.