SGS SA (OTCMKTS:SGSOY) Sees Large Decline in Short Interest

SGS SA (OTCMKTS:SGSOY - Get Free Report) was the target of a large decrease in short interest in October. As of October 31st, there was short interest totalling 300 shares, a decrease of 98.7% from the October 15th total of 22,900 shares. Based on an average daily volume of 90,100 shares, the short-interest ratio is presently 0.0 days.

SGS Stock Down 0.5 %

OTCMKTS SGSOY traded down $0.05 on Thursday, hitting $9.76. The company had a trading volume of 98,739 shares, compared to its average volume of 88,411. The company has a debt-to-equity ratio of 4.45, a current ratio of 1.23 and a quick ratio of 1.09. The company's fifty day moving average price is $10.91 and its 200-day moving average price is $10.09. SGS has a 12-month low of $8.18 and a 12-month high of $11.54.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. BNP Paribas raised shares of SGS to a "hold" rating in a research note on Monday, September 30th. Royal Bank of Canada cut SGS from a "sector perform" rating to an "underperform" rating in a report on Monday, October 21st.

SGS Company Profile

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.