Intertek Group plc (OTCMKTS:IKTSY) Short Interest Up 47.2% in December

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

Wall Street Analyst Weigh In

IKTSY has been the subject of several research reports. Royal Bank of Canada downgraded shares of Intertek Group from an “outperform” rating to a “sector perform” rating in a research note on Monday, October 21st. The Goldman Sachs Group upgraded Intertek Group to a “strong-buy” rating in a report on Friday, October 11th.

Intertek Group Stock Down 0.0 %

OTCMKTS:IKTSY traded down $0.77 during mid-day trading on Monday, hitting $59.41. The stock had a trading volume of 1,723 shares, compared to its average volume of 9,934. Intertek Group has a twelve month low of $52.92 and a twelve month high of $69.79. The stock has a 50-day simple moving average of $60.18 and a two-hundred day simple moving average of $62.30.

About Intertek Group

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.