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

SGS SA (OTCMKTS:SGSOY) saw a significant decline in short interest in April. As of April 15th, there was short interest totalling 2,100 shares, a decline of 30.0% from the March 31st total of 3,000 shares. Based on an average daily volume of 108,400 shares, the days-to-cover ratio is currently 0.0 days.

SGS Price Performance

SGSOY traded down $0.08 during midday trading on Monday, hitting $8.99. The stock had a trading volume of 143,044 shares, compared to its average volume of 77,626. The business has a fifty day moving average of $9.42 and a 200 day moving average of $8.86. The company has a quick ratio of 1.10, a current ratio of 1.21 and a debt-to-equity ratio of 5.76. SGS has a 1 year low of $7.97 and a 1 year high of $10.07.

SGS Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, April 19th. Stockholders of record on Wednesday, April 3rd were paid a dividend of $0.2064 per share. The ex-dividend date of this dividend was Tuesday, April 2nd. This is a positive change from SGS’s previous dividend of $0.20.

Analysts Set New Price Targets

Separately, Morgan Stanley raised SGS from an “underweight” rating to an “equal weight” rating in a research note on Friday, January 12th.

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.